India-U.S. trade deal Updates: SKM demands Commerce Minister Piyush Goyal's resignation for ignoring concerns of millions of farmers

#### Key Updates • Commerce Minister Piyush Goyal to address press conference today regarding the recently issued India-U.S. Joint Statement on interim trade • Highlights of India-U.S. interim trade framework • February 07, 2026 21:05 RJD MP Manoj Jha slams India-U.S. Trade framework; warns of 'Unrest on Streets' over tariff 'misleading'Rashtriya Janata Dal (RJD) Member of Parliament Manoj Kumar Jha launched a sharp attack on the Union Government on Saturday regarding the India-U.S. Interim Trade Framework Agreement, alleging that the Centre was “misleading the entire nation” over revised tariff structures.Speaking about the deal, Mr. Jha said that India’s historical tariff of 2.9% was raised to 50% under “threats” before being reduced to 18%, a move he argued is a loss for the country rather than a cause for celebration. The MP further said that once the full implications of the deal are revealed, it could trigger widespread “unrest on the streets”.- ANI Rashtriya Janata Dal (RJD) Member of Parliament Manoj Kumar Jha launched a sharp attack on the Union Government on Saturday regarding the India-U.S. Interim Trade Framework Agreement, alleging that the Centre was “misleading the entire nation” over revised tariff structures. Speaking about the deal, Mr. Jha said that India’s historical tariff of 2.9% was raised to 50% under “threats” before being reduced to 18%, a move he argued is a loss for the country rather than a cause for celebration. The MP further said that once the full implications of the deal are revealed, it could trigger widespread “unrest on the streets”. • February 07, 2026 18:36 World betting on India as trade deals open new opportunities: BJP Kerala chief“The world is betting on India, as reflected in recent trade agreements with the U.S. and the EU, which are opening up opportunities for young entrepreneurs,” BJP Kerala President Rajeev Chandrasekhar said on Saturday.Mr. Chandrasekhar, in social media posts, said this “did not happen by chance” but because of the “decisive leadership, long-term vision, and politics of performance” of Prime Minister Narendra Modi.He wrote, “The interim India-U.S. trade agreement, along with the landmark India-EU deal, sends one clear message: the world is betting on India. These agreements open unprecedented opportunities for our farmers, fishermen, MSMEs, and young entrepreneurs.” Mr. Chandrasekhar added that this “did not happen by chance but because of PM Modi’s decisive leadership, long-term vision, and politics of performance,” despite constant misinformation and fear-mongering by an opposition with nothing constructive to offer.- PTI “The world is betting on India, as reflected in recent trade agreements with the U.S. and the EU, which are opening up opportunities for young entrepreneurs,” BJP Kerala President Rajeev Chandrasekhar said on Saturday. Mr. Chandrasekhar, in social media posts, said this “did not happen by chance” but because of the “decisive leadership, long-term vision, and politics of performance” of Prime Minister Narendra Modi. He wrote, “The interim India-U.S. trade agreement, along with the landmark India-EU deal, sends one clear message: the world is betting on India. These agreements open unprecedented opportunities for our farmers, fishermen, MSMEs, and young entrepreneurs.” Mr. Chandrasekhar added that this “did not happen by chance but because of PM Modi’s decisive leadership, long-term vision, and politics of performance,” despite constant misinformation and fear-mongering by an opposition with nothing constructive to offer. • February 07, 2026 18:26 SKM demands Commerce Minister Piyush Goyal's resignation for ignoring concerns of millions of farmers“The decision to allow free import of Distiller’s Dried Grains with Solubles (DDGS), soyabean oil, red sorghum for animal feed, tree nuts, fresh and processed fruits under the India-U.S. bilateral agreement will have an impact on Indian farmers,” says Samyukt Kisan Morcha.“The SKM demands the resignation of Commerce Minister Piyush Goyal for ignoring the concerns of millions of farmers and asks PM Modi to desist from implementing the deal,” SKM say.- A.M. Jigeesh “The decision to allow free import of Distiller’s Dried Grains with Solubles (DDGS), soyabean oil, red sorghum for animal feed, tree nuts, fresh and processed fruits under the India-U.S. bilateral agreement will have an impact on Indian farmers,” says Samyukt Kisan Morcha. “The SKM demands the resignation of Commerce Minister Piyush Goyal for ignoring the concerns of millions of farmers and asks PM Modi to desist from implementing the deal,” SKM say. - A.M. Jigeesh • February 07, 2026 16:57 India-U.S. trade pact will open multifold opportunities: BoeingAircraft maker Boeing on Saturday said that the India-U.S. interim trade agreement will open multifold opportunities and emphasised that the company has always advocated for a zero-for-zero tariff approach for the aerospace and defence sector.Under the interim trade agreement framework, tariffs will go down to zero on various goods, including generic pharmaceuticals and aircraft parts.Boeing India and South Asia President Salil Gupte said the agreement opens multifold opportunities. “This deal creates momentum to extend that principle, which would boost industrial growth, strengthen national security, and deliver win-win opportunities for both countries,” he said in a statement.- PTI Aircraft maker Boeing on Saturday said that the India-U.S. interim trade agreement will open multifold opportunities and emphasised that the company has always advocated for a zero-for-zero tariff approach for the aerospace and defence sector. Under the interim trade agreement framework, tariffs will go down to zero on various goods, including generic pharmaceuticals and aircraft parts. Boeing India and South Asia President Salil Gupte said the agreement opens multifold opportunities. “This deal creates momentum to extend that principle, which would boost industrial growth, strengthen national security, and deliver win-win opportunities for both countries,” he said in a statement. • February 07, 2026 16:17 Trade agreement will benefit MSMEs, farmers and fishermen: Sambit PatraBJP spokesperson Sambit Patra said the agreement will significantly benefit the micro, small and medium enterprises (MSMEs), farmers and fishermen, while creating new employment opportunities for women and youngsters across the country.“Under the visionary leadership of PM Narendra Modi, India has reached a framework for an Interim Trade Agreement with the United States, opening access to a nearly USD 30 trillion market for Indian exporters,” he said.Mr. Patra said a major outcome of the framework is the reduction of reciprocal tariffs on Indian goods to 18%, along with a zero-tariff access in key sectors, such as generic pharmaceuticals, gems and diamonds and aircraft parts.“Together, these steps strengthen India’s export competitiveness, boost Make in India and expand opportunities for sectors ranging from textiles and leather to chemicals, machinery and artisanal products,” he said.The BJP leader further said that equally important is the clear protection extended to India’s sensitive agriculture and dairy sectors, ensuring that farmers’ interests and rural livelihoods remain fully safeguarded even as the global trade expands.“This agreement reflects the growing strength of India-US economic partnership and a shared commitment to sustainable growth, innovation and prosperity for our people as we move forward on the path of Viksit Bharat,” he added. -- PTI BJP spokesperson Sambit Patra said the agreement will significantly benefit the micro, small and medium enterprises (MSMEs), farmers and fishermen, while creating new employment opportunities for women and youngsters across the country. “Under the visionary leadership of PM Narendra Modi, India has reached a framework for an Interim Trade Agreement with the United States, opening access to a nearly USD 30 trillion market for Indian exporters,” he said. Mr. Patra said a major outcome of the framework is the reduction of reciprocal tariffs on Indian goods to 18%, along with a zero-tariff access in key sectors, such as generic pharmaceuticals, gems and diamonds and aircraft parts. “Together, these steps strengthen India’s export competitiveness, boost Make in India and expand opportunities for sectors ranging from textiles and leather to chemicals, machinery and artisanal products,” he said. The BJP leader further said that equally important is the clear protection extended to India’s sensitive agriculture and dairy sectors, ensuring that farmers’ interests and rural livelihoods remain fully safeguarded even as the global trade expands. “This agreement reflects the growing strength of India-US economic partnership and a shared commitment to sustainable growth, innovation and prosperity for our people as we move forward on the path of Viksit Bharat,” he added. -- PTI • February 07, 2026 16:16 Congress always opposes India's economic growth: BJP The BJP on Saturday said the India-U.S. trade deal will “significantly” benefit the country and slammed the Congress for claiming that the odds are “stacked heavily against India”, accusing the opposition party of always opposing the country’s economic growth.The ruling party’s retort came after the Congress took a swipe at Prime Minister Narendra Modi over the interim trade agreement with the United States, claiming that under the deal, the odds are stacked heavily against India and all the “huglomacy and photo-ops” have not amounted to much.Hitting back at Mr. Ramesh, BJP national spokesperson Pradeep Bhandari claimed that the Congress is clearly uncomfortable seeing India emerge as a global deal-maker under Modi’s leadership.“Why does Congress always oppose the progress of India’s MSMEs, farmers, and the growth of the Indian economy?” Mr. Bhandari asked in a post on X.“Congress cannot digest that under PM Narendra Modi India has sealed both the ‘Mother of all Deals’ with the EU and now the ‘Father of all Deals’ with the USA, creating a USD 30-trillion economic opportunity for our farmers, exporters, and MSMEs,” the Bharatiya Janata Party (BJP) leader said. -- PTI The BJP on Saturday said the India-U.S. trade deal will “significantly” benefit the country and slammed the Congress for claiming that the odds are “stacked heavily against India”, accusing the opposition party of always opposing the country’s economic growth. The ruling party’s retort came after the Congress took a swipe at Prime Minister Narendra Modi over the interim trade agreement with the United States, claiming that under the deal, the odds are stacked heavily against India and all the “huglomacy and photo-ops” have not amounted to much. Hitting back at Mr. Ramesh, BJP national spokesperson Pradeep Bhandari claimed that the Congress is clearly uncomfortable seeing India emerge as a global deal-maker under Modi’s leadership. “Why does Congress always oppose the progress of India’s MSMEs, farmers, and the growth of the Indian economy?” Mr. Bhandari asked in a post on X. “Congress cannot digest that under PM Narendra Modi India has sealed both the ‘Mother of all Deals’ with the EU and now the ‘Father of all Deals’ with the USA, creating a USD 30-trillion economic opportunity for our farmers, exporters, and MSMEs,” the Bharatiya Janata Party (BJP) leader said. -- PTI • February 07, 2026 15:48 Sends strong signal of confidence to global investors: IndustryThe framework for an interim trade agreement between India and the U.S. sends a strong signal of confidence to global investors and offers a timely boost to competitiveness, technology access, and supply chain resilience, India Inc said on Saturday (February 7, 2026).FICCI president Anant Goenka said it marks a pivotal step forward in advancing economic synergy between two of the world’s largest democracies.“This strategic partnership is designed to lower tariffs, ease regulatory bottlenecks, and unlock new opportunities across sectors. As India strengthens its position as a global manufacturing hub, this agreement offers a timely boost to competitiveness, technology access, and supply chain resilience”.“CII welcomes the India-US Interim Trade framework as a timely step towards a comprehensive Free Trade Agreement (FTA). It reflects growing trust, policy alignment and a shared commitment to open, predictable and rules-based trade -- sending a strong signal of confidence to global industry and investors,” CII President Rajiv Memani said. -- PTI The framework for an interim trade agreement between India and the U.S. sends a strong signal of confidence to global investors and offers a timely boost to competitiveness, technology access, and supply chain resilience, India Inc said on Saturday (February 7, 2026). FICCI president Anant Goenka said it marks a pivotal step forward in advancing economic synergy between two of the world’s largest democracies. “This strategic partnership is designed to lower tariffs, ease regulatory bottlenecks, and unlock new opportunities across sectors. As India strengthens its position as a global manufacturing hub, this agreement offers a timely boost to competitiveness, technology access, and supply chain resilience”. “CII welcomes the India-US Interim Trade framework as a timely step towards a comprehensive Free Trade Agreement (FTA). It reflects growing trust, policy alignment and a shared commitment to open, predictable and rules-based trade -- sending a strong signal of confidence to global industry and investors,” CII President Rajiv Memani said. -- PTI • February 07, 2026 15:45 Closely engaged with U.S. for electronics, IP: Vaishnaw The Indian government is closely engaged with the U.S. for electronics and IP-related matters, Union Minister Ashwini Vaishnaw said on Saturday (February 7, 2026), as the two nations announced that they have finalised a framework for an interim trade agreement.The U.S.-India joint statement on the interim agreement for trade deal has called for addressing non-tariff barriers that affect bilateral trade.It specifically mentions barriers related to the trade in U.S. medical devices, US Information and Communication Technology (ICT) goods.. -- PTI​India-U.S. interim trade deal: Closely engaged with America for electronics and IP, Union Minister Vaishnaw saysIndia and the U.S. finalize an interim trade deal, focusing on electronics, IP, and reducing trade barriers in medical devices.​ The Indian government is closely engaged with the U.S. for electronics and IP-related matters, Union Minister Ashwini Vaishnaw said on Saturday (February 7, 2026), as the two nations announced that they have finalised a framework for an interim trade agreement. The U.S.-India joint statement on the interim agreement for trade deal has called for addressing non-tariff barriers that affect bilateral trade. It specifically mentions barriers related to the trade in U.S. medical devices, US Information and Communication Technology (ICT) goods.. -- PTI ### India-U.S. interim trade deal: Closely engaged with America for electronics and IP, Union Minister Vaishnaw says India and the U.S. finalize an interim trade deal, focusing on electronics, IP, and reducing trade barriers in medical devices. • February 07, 2026 15:27 MEA will give information about Russian oil purchase: Piyush GoyalUnion Commerce Minister Piyush Goyal on Saturday (February 7, 2026) said the Ministry of External Affairs will give information about India’s purchase of Russian oil. When asked whether India will stop purchasing Russian oil, as mentioned in a White House statement announcing the elimination of the additional tariffs imposed on India for the purchase, Mr. Goyal said, “MEA will give information about it.” After announcing the interim framework between the United States and India trade agreement, the White House had said, “India has committed to stop directly or indirectly importing Russian Federation oil, has represented that it will purchase United States energy products from the United States, and has recently committed to a framework with the United States to expand defense cooperation over the next 10 years.” -- ANI Union Commerce Minister Piyush Goyal on Saturday (February 7, 2026) said the Ministry of External Affairs will give information about India’s purchase of Russian oil. When asked whether India will stop purchasing Russian oil, as mentioned in a White House statement announcing the elimination of the additional tariffs imposed on India for the purchase, Mr. Goyal said, “MEA will give information about it.” After announcing the interim framework between the United States and India trade agreement, the White House had said, “India has committed to stop directly or indirectly importing Russian Federation oil, has represented that it will purchase United States energy products from the United States, and has recently committed to a framework with the United States to expand defense cooperation over the next 10 years.” -- ANI • February 07, 2026 14:28 Several sectors will attract zero duties when exported to U.S., says GoyalAddressing a press conference, Union Minister Piyush Goyal said “There are several sectors that will attract zero duties when exported to the U.S., such as gems and diamonds, pharmaceutical products, smartphones will continue to attract 0% duty. Several agricultural exports will see zero duty from 50%, such as spices, tea, coffee, copra, coconuts and coconut oil, vegetable oil, areca nut, Brazil nuts, cashew nuts, chestnuts, several fruits and vegetables, such as avocados, bananas, guavas, mangoes, kiwis, papaya, mushrooms, material for vegetable plating, vegetable sap, vegetable roots, cereals like barley, some processed foods.”Zero duty: Aircraft parts, machinery parts, generic drugs, pharma products, some auto parts, gems and diamonds, platinum, clocks and watches, essential oil, home decor items like chandeliers, lamp parts, some inorganic chemicals, some paper, plastic, wood items. Mr. Goyal said “We have not included any item where any Indian farmer will be hurt. All sensitive items have been kept out of the deal. No GM items will enter India, no relief on meat, poultry, dairy, soybean, maize, rice, wheat, sugar, millets, fruits such as bananas, strawberries, cherries, citrus fruit, greenpea, kabuli chana, moong, oilseeds, ethanol, tobacco.” -- THB Addressing a press conference, Union Minister Piyush Goyal said “There are several sectors that will attract zero duties when exported to the U.S., such as gems and diamonds, pharmaceutical products, smartphones will continue to attract 0% duty. Several agricultural exports will see zero duty from 50%, such as spices, tea, coffee, copra, coconuts and coconut oil, vegetable oil, areca nut, Brazil nuts, cashew nuts, chestnuts, several fruits and vegetables, such as avocados, bananas, guavas, mangoes, kiwis, papaya, mushrooms, material for vegetable plating, vegetable sap, vegetable roots, cereals like barley, some processed foods.” Zero duty: Aircraft parts, machinery parts, generic drugs, pharma products, some auto parts, gems and diamonds, platinum, clocks and watches, essential oil, home decor items like chandeliers, lamp parts, some inorganic chemicals, some paper, plastic, wood items. Mr. Goyal said “We have not included any item where any Indian farmer will be hurt. All sensitive items have been kept out of the deal. No GM items will enter India, no relief on meat, poultry, dairy, soybean, maize, rice, wheat, sugar, millets, fruits such as bananas, strawberries, cherries, citrus fruit, greenpea, kabuli chana, moong, oilseeds, ethanol, tobacco.” -- THB • February 07, 2026 14:26 Trade deal with U.S. will not hurt interests of farmers, says GoyalAddressing a press conference, Union Minister Piyush Goyal said “India has not given any duty concessions on any dairy product, sugar, millets to U.S.”Mr. Goyal said that the pact with U.S. will not hurt interests of farmers, MSMEs, handicraft, handlooms in any way.India-U.S. deal does not include any item that would hurt Indian farmers, says Piyush GoyalPiyush Goyal assures that the India-U.S. trade deal protects farmers, excluding sensitive items while promoting agricultural exports. Addressing a press conference, Union Minister Piyush Goyal said “India has not given any duty concessions on any dairy product, sugar, millets to U.S.” Mr. Goyal said that the pact with U.S. will not hurt interests of farmers, MSMEs, handicraft, handlooms in any way. ### India-U.S. deal does not include any item that would hurt Indian farmers, says Piyush Goyal Piyush Goyal assures that the India-U.S. trade deal protects farmers, excluding sensitive items while promoting agricultural exports. • February 07, 2026 14:16 Indian goods will attract zero reciprocal tariff in U.S., says GoyalUnion Minister Piyush Goyal said “Several Indian goods, including agriculture, will attract zero reciprocal tariff in U.S.”Mr. Goyal said “Certain fruits, vegetables, tea, coffee will attract zero reciprocal tariff in U.S.” Union Minister Piyush Goyal said “Several Indian goods, including agriculture, will attract zero reciprocal tariff in U.S.” Mr. Goyal said “Certain fruits, vegetables, tea, coffee will attract zero reciprocal tariff in U.S.” • February 07, 2026 14:06 Jobs will be created while boosting domestic manufacturing, says GoyalUnion Piyush Goyal on Saturday (Febraury 7, 2026) addressed the press on India-U.S. interim trade deal. The Union Minister said “It is a big thrust to MSMEs employing a large number of women and youth. With exports from labour intensive sectors like textiles and apparel, leather and footwear, toys, and gems and jewellery to the U.S. set to scale, lakhs of jobs will be created while boosting domestic manufacturing. “ Union Piyush Goyal on Saturday (Febraury 7, 2026) addressed the press on India-U.S. interim trade deal. The Union Minister said “It is a big thrust to MSMEs employing a large number of women and youth. With exports from labour intensive sectors like textiles and apparel, leather and footwear, toys, and gems and jewellery to the U.S. set to scale, lakhs of jobs will be created while boosting domestic manufacturing. “ • February 07, 2026 14:03 Big thrust to MSMEs employing a large number of women and youth, says Goyal • February 07, 2026 14:02 Piyush Goyal addresses press conference on India-U.S. trade deal • February 07, 2026 14:01 Basmati rice will rock the U.S.: Shivraj Singh Chouhan Union Agriculture Minister Shivraj Singh Chouhan on Saturday (February 7, 2026) assured that the government has protected all the major crops and dairy products, prioritising the benefits of farmers in the interim framework for the US-India trade agreement.Shivraj Singh Chouhan also emphasised that the deal would also open US markets for Indian exports, saying, “Our basmati rice will rock the U.S.”“There’s going to be a lot of benefit. It is in the favour of farmers and people of India. We have protected all the major crops and dairy products. On the other hand, farmers will get markets for export. Our Basmati rice will rock the US. Our spices will go there. This is in the best interest of farmers,” the Agriculture Minister told reporters.Mr. Chouhan’s comments came as he was interacting with farmers in Sehore district of Madhya Pradesh. -- ANI Union Agriculture Minister Shivraj Singh Chouhan on Saturday (February 7, 2026) assured that the government has protected all the major crops and dairy products, prioritising the benefits of farmers in the interim framework for the US-India trade agreement. Shivraj Singh Chouhan also emphasised that the deal would also open US markets for Indian exports, saying, “Our basmati rice will rock the U.S.” “There’s going to be a lot of benefit. It is in the favour of farmers and people of India. We have protected all the major crops and dairy products. On the other hand, farmers will get markets for export. Our Basmati rice will rock the US. Our spices will go there. This is in the best interest of farmers,” the Agriculture Minister told reporters. Mr. Chouhan’s comments came as he was interacting with farmers in Sehore district of Madhya Pradesh. -- ANI • February 07, 2026 13:52 Trade pact will make country's businesses more competitive: KhanduArunachal Pradesh Chief Minister Pema Khandu said the India-U.S. interim trade framework will make Indian businesses more competitive in global markets.He said the framework has the potential to reduce compliance burdens, streamline export procedures and bring down costs for consumers.He credited the initiative to the leadership of Prime Minister Narendra Modi.“Under the leadership of PM Narendra Modi ji, the India-U.S. trade framework is making it easier, faster, and more competitive for Indian businesses to reach global markets,” Mr. Khandu said in a post on X.Emphasising practical benefits for exporters, he said the arrangement would help eliminate repetitive testing and certification processes.“Indian exporters will face fewer duplicate procedures, saving time, cost, and effort,” he said, adding that alignment of standards would improve efficiency and competitiveness.“Smoother trade pathways and reduced tariff barriers will help Indian digital products and technology components integrate deeper into global value chains,” he said.Khandu said the development would encourage the growth of startups, artificial intelligence, electronics, SaaS and fintech sectors, creating high-quality jobs for the country’s youth while strengthening India’s position as a trusted global technology partner and digital innovation hub. -- PTI Arunachal Pradesh Chief Minister Pema Khandu said the India-U.S. interim trade framework will make Indian businesses more competitive in global markets. He said the framework has the potential to reduce compliance burdens, streamline export procedures and bring down costs for consumers. He credited the initiative to the leadership of Prime Minister Narendra Modi. “Under the leadership of PM Narendra Modi ji, the India-U.S. trade framework is making it easier, faster, and more competitive for Indian businesses to reach global markets,” Mr. Khandu said in a post on X. Emphasising practical benefits for exporters, he said the arrangement would help eliminate repetitive testing and certification processes. “Indian exporters will face fewer duplicate procedures, saving time, cost, and effort,” he said, adding that alignment of standards would improve efficiency and competitiveness. “Smoother trade pathways and reduced tariff barriers will help Indian digital products and technology components integrate deeper into global value chains,” he said. Khandu said the development would encourage the growth of startups, artificial intelligence, electronics, SaaS and fintech sectors, creating high-quality jobs for the country’s youth while strengthening India’s position as a trusted global technology partner and digital innovation hub. -- PTI • February 07, 2026 13:31 Indo-U.S. trade deal detrimental to interests of farmers in Maharashtra: Congress leaderSenior Congress leader Vijay Wadettiwar said the India-U.S. trade deal would negatively impact the interests of farmers in Maharashtra as agricultural imports will carry zero per cent duty.“The agreement with the U.S. will negatively affect farmers when new crops are ready for harvest. The duty on Indian exports to the U.S. will be 18 per cent, but the duty on agriculture exports from the U.S. to India will be zero per cent,” the former leader of opposition in the Maharashtra Assembly told reporters.Mr. Wadettiwar said the deal will mean no market for Indian soybean, wheat, cotton and corn.“This agreement was sealed under pressure, and the Central government will have to face consequences in the near future,” he added.- PTI Senior Congress leader Vijay Wadettiwar said the India-U.S. trade deal would negatively impact the interests of farmers in Maharashtra as agricultural imports will carry zero per cent duty. “The agreement with the U.S. will negatively affect farmers when new crops are ready for harvest. The duty on Indian exports to the U.S. will be 18 per cent, but the duty on agriculture exports from the U.S. to India will be zero per cent,” the former leader of opposition in the Maharashtra Assembly told reporters. Mr. Wadettiwar said the deal will mean no market for Indian soybean, wheat, cotton and corn. “This agreement was sealed under pressure, and the Central government will have to face consequences in the near future,” he added. • February 07, 2026 13:03 "Humiliating failure being sold as achievement": Pawan Khera slams Centre over India-U.S. trade deal framework Chairman of Congress’ Media and Publicity Department, Pawan Khera, called the framework of the India-U.S. trade deal a “humiliating failure”, alleging that under pressure, India has decided to open up the agricultural market and halt the import of Russian oil.While the India-U.S. joint statement mentioned $500 billion in imports for India, Khera raised concern over the expected widening of the trade deficit. Chairman of Congress’ Media and Publicity Department, Pawan Khera, called the framework of the India-U.S. trade deal a “humiliating failure”, alleging that under pressure, India has decided to open up the agricultural market and halt the import of Russian oil. While the India-U.S. joint statement mentioned $500 billion in imports for India, Khera raised concern over the expected widening of the trade deficit. • February 07, 2026 12:29 The Interim Agreement will unlock the potential of goods trade between India and the U.S.: Commerce Secretary • February 07, 2026 12:19 The trade deal is frankly not something that we can say has furthered India's interests: Jairam Ramesh ​​ • February 07, 2026 11:45 This framework reflects the commitment towards promoting innovation: Hardeep Singh PuriCommenting on the interim framework for the India-U.S. deal, Union Minister Hardeep Singh Puri said, “It will further strengthen the Make in India initiative and open up vast opportunities for our farmers, entrepreneurs, MSMEs, StartUp innovators, fishermen and more by generating large-scale direct and indirect employment opportunities, particularly for our youth.” Commenting on the interim framework for the India-U.S. deal, Union Minister Hardeep Singh Puri said, “It will further strengthen the Make in India initiative and open up vast opportunities for our farmers, entrepreneurs, MSMEs, StartUp innovators, fishermen and more by generating large-scale direct and indirect employment opportunities, particularly for our youth.” • February 07, 2026 11:43 Commerce Minister Piyush Goyal to address press conference today regarding the recently issued India-U.S. Joint Statement on interim trade • February 07, 2026 11:01 Indo-U.S. interim trade pact will empower diverse sectors: Himanta Assam Chief Minister Himanta Biswa Sarma said India and the U.S. securing a framework for an interim trade agreement will empower diverse sectors of the country.He said it will also lead to enhanced innovation, tech partnerships, resilient supply chains and global growth. Assam Chief Minister Himanta Biswa Sarma said India and the U.S. securing a framework for an interim trade agreement will empower diverse sectors of the country. He said it will also lead to enhanced innovation, tech partnerships, resilient supply chains and global growth. • February 07, 2026 10:51 Industry chambers FICCI, PHDCCI see U.S. trade deal creating fresh trade momentum Industry chambers FICCI and PHDCCI have hailed the India-U.S. trade deal framework agreement, asserting that it will pave the way for expanding market access for exporters in both countries.“This interim tariff agreement marks a significant development in U.S.-India trade relations, potentially expanding market access for exporters in both countries and providing a stable and comprehensive trade framework,” said Ranjeet Mehta, CEO and Secretary General, PHDCCI, in a statement.“The India-U.S. trade deal represents a major stride in strengthening economic ties between two leading democracies. By addressing tariffs, regulatory barriers, and supply chain constraints, it creates fresh momentum for manufacturing, innovation, and technology collaboration,” Jyoti Vij, Director General, FICCI, said.For India, she said, this is an opportunity to scale globally - building competitiveness at home while integrating more deeply with global value chains.- ANI Industry chambers FICCI and PHDCCI have hailed the India-U.S. trade deal framework agreement, asserting that it will pave the way for expanding market access for exporters in both countries. “This interim tariff agreement marks a significant development in U.S.-India trade relations, potentially expanding market access for exporters in both countries and providing a stable and comprehensive trade framework,” said Ranjeet Mehta, CEO and Secretary General, PHDCCI, in a statement. “The India-U.S. trade deal represents a major stride in strengthening economic ties between two leading democracies. By addressing tariffs, regulatory barriers, and supply chain constraints, it creates fresh momentum for manufacturing, innovation, and technology collaboration,” Jyoti Vij, Director General, FICCI, said. For India, she said, this is an opportunity to scale globally - building competitiveness at home while integrating more deeply with global value chains. • February 07, 2026 10:32 ‘Namaste Trump scored over Howdy Modi’: Congress takes dig at India-U.S. interim trade pact The Congress on Saturday claimed that the India-U.S. joint statement on an interim trade agreement is “silent” on details and took a swipe at Prime Minister Narendra Modi, saying “all the hugs and photo-ops have not amounted to much”.The opposition party also took a jibe at the government with the iconic line from the Mukesh song “Dost dost na raha” from the 1964 film “Sangam”.Congress general secretary in charge of communications, Jairam Ramesh, said the U.S.-India joint statement just issued is silent on details.- PTI The Congress on Saturday claimed that the India-U.S. joint statement on an interim trade agreement is “silent” on details and took a swipe at Prime Minister Narendra Modi, saying “all the hugs and photo-ops have not amounted to much”. The opposition party also took a jibe at the government with the iconic line from the Mukesh song “Dost dost na raha” from the 1964 film “Sangam”. Congress general secretary in charge of communications, Jairam Ramesh, said the U.S.-India joint statement just issued is silent on details. • February 07, 2026 10:23 Landmark step in strengthening the India–U.S. economic partnership: U.P. CMSpeaking on the interim framework for the India-U.S. deal, Uttar Pradesh Chief Minister Yogi Adityanath said,”This interim trade framework delivers a decisive boost to #MakeInIndia, expanding global market access for Indian products while safeguarding farmers, food security, and rural livelihoods.” Speaking on the interim framework for the India-U.S. deal, Uttar Pradesh Chief Minister Yogi Adityanath said,”This interim trade framework delivers a decisive boost to #MakeInIndia, expanding global market access for Indian products while safeguarding farmers, food security, and rural livelihoods.” • February 07, 2026 10:01 Compromise on country's dignity": Samajwadi Party slams CentreSamajwadi Party national secretary and MP, Rajeev Rai, on Saturday slammed the Centre over the framework of the India-U.S. trade agreement, calling it a “compromise on the country’s dignity.”In an X post, Rai alleged that the framework agreed upon by India and the US will lead to “destruction of farmers”. Samajwadi Party national secretary and MP, Rajeev Rai, on Saturday slammed the Centre over the framework of the India-U.S. trade agreement, calling it a “compromise on the country’s dignity.”In an X post, Rai alleged that the framework agreed upon by India and the US will lead to “destruction of farmers”. • February 07, 2026 09:41 U.S. to remove additional 25% duty on Indian goods from February 7The U.S. has said India has committed to stop directly or indirectly importing Russian oil, following which the additional 25% tariffs imposed by America on Indian goods will be removed from Saturday (February 7, 2026). Read more The U.S. has said India has committed to stop directly or indirectly importing Russian oil, following which the additional 25% tariffs imposed by America on Indian goods will be removed from Saturday (February 7, 2026). • February 07, 2026 09:08 Increase in exports will create lakhs of new job opportunities for our women and youth: Union Minister Kiren Rijiju • February 07, 2026 08:54 'Order from U.S. that India agreed to follow': Shiv Sena (UBT) MP Priyanka Chaturvedi criticises trade agreement with Washington Shiv Sena (UBT) MP Priyanka Chaturvedi slammed the Centre over the India-US interim trade agreement, calling the deal “an order” from Washington DC.Sharing an excerpt from the joint statement issued by the Commerce Minister and the White House, the Sena (UBT) MP alleged that the deal follows what U.S. President Donald Trump had earlier stated on social media.“A joint statement has been issued by the U.S. and India. I’d reiterate this isn’t an outcome of talks but that of an order from the U.S. that the Indian government has agreed to follow. Follows most of what the US President had already said on Truth Social. ‘India will eliminate or reduce tariffs on a wide range of US food and agricultural products... The U.S. will apply a reciprocal tariff rate of 18 per cent on originating goods of India, including textile and apparel, leather and footwear, plastic and rubber, organic chemicals, home decor, artisanal products, and certain machinery’,” Ms. Chaturvedi wrote.- ANI Shiv Sena (UBT) MP Priyanka Chaturvedi slammed the Centre over the India-US interim trade agreement, calling the deal “an order” from Washington DC. Sharing an excerpt from the joint statement issued by the Commerce Minister and the White House, the Sena (UBT) MP alleged that the deal follows what U.S. President Donald Trump had earlier stated on social media. “A joint statement has been issued by the U.S. and India. I’d reiterate this isn’t an outcome of talks but that of an order from the U.S. that the Indian government has agreed to follow. Follows most of what the US President had already said on Truth Social. ‘India will eliminate or reduce tariffs on a wide range of US food and agricultural products... The U.S. will apply a reciprocal tariff rate of 18 per cent on originating goods of India, including textile and apparel, leather and footwear, plastic and rubber, organic chemicals, home decor, artisanal products, and certain machinery’,” Ms. Chaturvedi wrote. • February 07, 2026 08:45 India-U.S. trade pact to expand market access for American farmers, producers: USTRU.S. President Donald Trump is expanding American farmers and producers’ access to one of the largest economies in the world under a trade deal with India, the United States Trade Representative has (USTR) said.The agency, responsible for developing and promoting U.S. foreign trade policies, also said that India has committed to eliminating or lowering tariffs for all U.S. industrial goods and a wide array of agricultural products.“From tree nuts and dried distillers’ grains to red sorghum and fresh and processed fruit, the U.S.-India agreement will provide new market access for American products,” the USTR said. U.S. President Donald Trump is expanding American farmers and producers’ access to one of the largest economies in the world under a trade deal with India, the United States Trade Representative has (USTR) said. The agency, responsible for developing and promoting U.S. foreign trade policies, also said that India has committed to eliminating or lowering tariffs for all U.S. industrial goods and a wide array of agricultural products. “From tree nuts and dried distillers’ grains to red sorghum and fresh and processed fruit, the U.S.-India agreement will provide new market access for American products,” the USTR said. • February 07, 2026 08:33 New vistas have opened up that will further promote 'Make in India': Jaishankar • February 07, 2026 08:24 The framework will strengthen resilient, trusted supply chains and contribute to global growth: PM ModiIndia-U.S. framework strengthens ‘Make in India’ by opening new opportunities for farmers, says PM ModiPM Modi highlights the India-U.S. trade framework's role in boosting 'Make in India' and creating opportunities for farmers and entrepreneurs. ### India-U.S. framework strengthens ‘Make in India’ by opening new opportunities for farmers, says PM Modi PM Modi highlights the India-U.S. trade framework's role in boosting 'Make in India' and creating opportunities for farmers and entrepreneurs. • February 07, 2026 08:21 India gets duty free access to U.S. aircraft, aircraft parts under BTA India will get tariff-free access to certain aircraft and aircraft parts from the U.S. under this, said the U.S.-India joint statement released on Saturday (February 7, 2026).The joint statement from the White House noted that India will receive a preferential Tariff Rate Quota (TRQ) for automotive parts, subject to the applicable tariff.-- ANI India will get tariff-free access to certain aircraft and aircraft parts from the U.S. under this, said the U.S.-India joint statement released on Saturday (February 7, 2026).The joint statement from the White House noted that India will receive a preferential Tariff Rate Quota (TRQ) for automotive parts, subject to the applicable tariff.-- ANI • February 07, 2026 08:11 India intends to purchase $500 billion worth of U.S. goods over five yearsAs per the interim agreement, India intends to purchase $500 billion of U.S. energy products, aircraft and aircraft parts, precious metals, technology products and coking coal over the next five years.-PTI As per the interim agreement, India intends to purchase $500 billion of U.S. energy products, aircraft and aircraft parts, precious metals, technology products and coking coal over the next five years. • February 07, 2026 07:59 'New opportunities for farmers, entrepreneur in both countries': USTR Greer hails India-U.S. trade deal U.S. Trade Representative Ambassador Greer welcomed President Donald Trump’s announcement of a joint statement outlining a trade deal with India, saying it would remove tariff and non-tariff barriers and open India’s vast market to American products.In a statement issued after the announcement, Mr. Greer said the agreement would significantly benefit U.S. workers, farmers and producers by lowering tariffs across all U.S. industrial goods and a broad range of agricultural products.“President Trump’s dealmaking is unlocking one of the largest economies in the world for American workers and producers, lowering tariffs for all U.S. industrial goods and a wide array of agricultural products,” Greer said.He said the announcement reflected deepening ties between Washington and New Delhi and would create new opportunities for farmers and entrepreneurs in both countries.- ANI U.S. Trade Representative Ambassador Greer welcomed President Donald Trump’s announcement of a joint statement outlining a trade deal with India, saying it would remove tariff and non-tariff barriers and open India’s vast market to American products. In a statement issued after the announcement, Mr. Greer said the agreement would significantly benefit U.S. workers, farmers and producers by lowering tariffs across all U.S. industrial goods and a broad range of agricultural products. “President Trump’s dealmaking is unlocking one of the largest economies in the world for American workers and producers, lowering tariffs for all U.S. industrial goods and a wide array of agricultural products,” Greer said. He said the announcement reflected deepening ties between Washington and New Delhi and would create new opportunities for farmers and entrepreneurs in both countries. • February 07, 2026 07:38 India fully protects sensitive wheat, rice, poultry under trade pact with U.S. India has fully protected sensitive agricultural and dairy products such as maize, wheat, rice, soya, poultry, milk, cheese, ethanol (fuel), tobacco, certain vegetables and meat, as no duty concessions have been granted to the U.S. on these goods under the trade agreement.“The agreement reflects India’s commitment to safeguarding farmers’ interests and sustaining rural livelihoods by completely protecting sensitive agricultural and dairy products, including maize, wheat, rice, soya, poultry, milk, cheese, ethanol (fuel), tobacco, certain vegetables and meat,” Commerce and Industry Minister Piyush Goyal said in a social media post.As per a joint statement issued by both the nations, India will eliminate or reduce tariffs on a wide range of U.S. food and agricultural products, including dried distillers’ grains, red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products.- PTI India has fully protected sensitive agricultural and dairy products such as maize, wheat, rice, soya, poultry, milk, cheese, ethanol (fuel), tobacco, certain vegetables and meat, as no duty concessions have been granted to the U.S. on these goods under the trade agreement. “The agreement reflects India’s commitment to safeguarding farmers’ interests and sustaining rural livelihoods by completely protecting sensitive agricultural and dairy products, including maize, wheat, rice, soya, poultry, milk, cheese, ethanol (fuel), tobacco, certain vegetables and meat,” Commerce and Industry Minister Piyush Goyal said in a social media post. As per a joint statement issued by both the nations, India will eliminate or reduce tariffs on a wide range of U.S. food and agricultural products, including dried distillers’ grains, red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products. • February 07, 2026 07:27 India-U.S. trade pact to open $30 trillion market for Indian exporters: Goyal The India-U.S. trade pact will open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen, Commerce and Industry Minister Piyush Goyal said on Saturday (February 7, 2026).He said the increase in exports will create lakhs of new job opportunities for the country’s women and youth.Click here to read more on this... The India-U.S. trade pact will open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen, Commerce and Industry Minister Piyush Goyal said on Saturday (February 7, 2026). He said the increase in exports will create lakhs of new job opportunities for the country’s women and youth. • February 07, 2026 07:08 Highlights of India-U.S. interim trade framework Click below to read the highlights of the framework for an interim reciprocal trade agreement between India and United States:Highlights of India-U.S. interim trade frameworkThe U.S. and India unveil an interim trade framework to lower tariffs and enhance economic cooperation, aiming for balanced trade. Click below to read the highlights of the framework for an interim reciprocal trade agreement between India and United States: ### Highlights of India-U.S. interim trade framework The U.S. and India unveil an interim trade framework to lower tariffs and enhance economic cooperation, aiming for balanced trade. • February 07, 2026 07:07 White House releases Joint Statement on India-U.S. interim trade deal The White House on Friday (February 6, 2026) released a Joint Statement by the U.S. and India on a framework for ‌an interim trade agreement between the two countries that they said affirms their commitment to negotiations towards a broader bilateral trade deal launched by President Donald Trump and Prime Minister Narendra Modi on February 13, 2025Read more on this here... The White House on Friday (February 6, 2026) released a Joint Statement by the U.S. and India on a framework for ‌an interim trade agreement between the two countries that they said affirms their commitment to negotiations towards a broader bilateral trade deal launched by President Donald Trump and Prime Minister Narendra Modi on February 13, 2025 Published - February 07, 2026 07:04 am IST ### Related Topics Live news / trade agreements / international (foreign) trade / India-United States