India-US Trade Deal: Tariff Cut Sparks Hope in Jamshedpur Markets
Jamshedpur
N
News18•03-02-2026, 13:12
India-US Trade Deal: Tariff Cut Sparks Hope in Jamshedpur Markets
- •US President Donald Trump announced a 7% reciprocal tariff reduction on goods imported from India, from 25% to 18%.
- •The decision is seen as a positive economic sign by traders and common people in Jamshedpur.
- •Businessmen like Sunil Singhania expect direct benefits for textile and jewelry sectors, leading to cheaper goods and increased sales.
- •Vinay Agarwal views the tariff reduction as a diplomatic success, reflecting strengthening India-US relations.
- •Traders hope the tariff cut will revitalize local markets, boost consumer inclination, and help businesses struggling with recession.
Why It Matters: The India-US tariff reduction is expected to boost local markets and strengthen economic ties.
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