New Delhi [India], February 3 (ANI): Robinder Sachdev, a Foreign Affairs expert, welcomed a US-India deal that reduced US tariffs on India from 50% to 18%.
Speaking to ANI, Sachdev said the cut is positive for the Indian economy and for jobs, noting that each 1% tariff in the US translates to about $1 billion in lost exports from India and roughly 100,000 jobs. “If 50% tariff had continued for one year that would have meant that India would have lost around $50 billion of exports to America and about 50 lakh jobs lost,” he said, adding that even lower estimates would still imply large job losses.
He called the announced deal “welcome news for the economy for many households of India” and said it provides predictability and stability for US-India trade and strategic relations going forward.
The agreement gives India a lower tariff rate than Pakistan. Under an Executive Order issued by US President Donald Trump on July 31, 2025, reciprocal tariff rates for Pakistan were set at 19%.
Meanwhile, External Affairs Minister S. Jaishankar is scheduled to meet US Secretary of State Marco Rubio at the State Department on Tuesday at 3:30 pm (US local time). Jaishankar is on a three-day US visit to attend the inaugural Critical Minerals Ministerial on February 4, hosted by Washington.
The US Department of State said Secretary Rubio will convene partners to strengthen cooperation on critical mineral supply chains, focusing on international collaboration to secure resilient supply chains vital for economic and national security, technological leadership, and the energy transition.
Jaishankar also welcomed the recent India-US trade announcements. (ANI)
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