STATE TIMES NEWS
JAMMU: BJP Spokesperson and Convenor, International Affairs, Gaurav Gupta has hailed the recent India-US trade understanding that includes reduction of tariffs on Indian goods and scrapping of additional punitive duties, calling it a constructive and forward-looking step that will further strengthen bilateral relations between world’s two largest democracies.
In a statement issued here today, Gaurav Gupta said that the decision to reduce reciprocal tariffs on Indian exports from 25 per cent to 18 per cent, along with the removal of the additional 25 per cent punitive duty, reflects the growing trust, strategic partnership and economic cooperation between India and the United States. He termed the development as a major boost for Indian exporters, industries and overall economic growth.
Gupta said that the reported trade understanding between Prime Minister Narendra Modi and US President Donald Trump is being viewed globally as a significant move to ease trade tensions and promote economic stability. Reports suggest that the tariff reduction and removal of punitive duties are part of a broader agreement aimed at expanding bilateral trade and improving market access between the two nations.
He further noted that the agreement is expected to benefit multiple sectors, including engineering goods, textiles, chemicals and automobile components, which have strong export linkages with the US market. The move is also seen as an attempt to reverse earlier tariff escalations that had created uncertainty among exporters and industries. Gupta said that strengthening economic cooperation with global partners like the United States aligns with India’s long-term vision of expanding international trade, boosting manufacturing and enhancing technological collaboration. He added that the development will not only deepen economic ties but will also reinforce strategic and diplomatic relations between the two countries.
Gaurav emphasized that improved trade relations between India and the US will contribute positively to global economic stability and promote mutual prosperity. He expressed confidence that such constructive diplomatic engagements will open new avenues for investment, innovation and employment opportunities in both nations.
He also appreciated the leadership of both countries for adopting a pragmatic and cooperative approach to resolving trade differences through dialogue and mutual understanding.
Gupta said that India’s growing global stature and proactive foreign policy under Prime Minister Narendra Modi have played a crucial role in strengthening India’s international partnerships and ensuring greater economic opportunities for the country.
