Jitin Prasada Confirms India's Ongoing Engagement with US Government on Trade
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India Actively Engaged with US on Tariffs, Trade Deal: Jitin Prasada
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News18•10-03-2026, 19:30
India Actively Engaged with US on Tariffs, Trade Deal: Jitin Prasada
•Minister Jitin Prasada confirms India's engagement with the US government on tariff developments and trade implications.
•US imposed 25% tariff on Indian exports (Feb 7) over Russian oil; reciprocal tariffs later invalidated by US Supreme Court (Feb 20, 2026).
•India-US trade deal announced Feb 2, 2026, includes calibrated tariff concessions on select agri-products like Apples, Walnuts, Soyabean Oil, Cotton with quotas to protect domestic interests.
•India's exports to US (Apr-Jan 2025-26) include Electronics ($20.86B), Pharma ($7.25B), Textiles ($7.88B), and Gems & Jewellery ($4.19B).
•India notes US-Bangladesh trade agreement, expects continued cotton trade benefits with Bangladesh due to proximity.
