




Much of the mockery was directed at Army Chief Asim Munir and Prime Minister Shehbaz Sharif, whom critics accused of diplomatic failure and misplaced priorities.
Clarity on the India-US trade front could help improve sentiment, particularly among FPIs, the DEA secretary said
Sources in the government have, however, reportedly stated that New Delhi now has "many options" on trade and exports, pushing back against the Opposition criticism.
The Prime Minister also said that patience and wisdom had paid off for India and referred to the recent developments as a testament to India's growing economic stature.
His remarks came a day after India and the United States reached a trade deal under which Washington agreed to reduce reciprocal tariffs on Indian goods from the current 25 per cent to 18 per cent.
The agreement, revealed by US President Donald Trump after a phone call with Prime Minister Narendra Modi, was presented worldwide as both a diplomatic breakthrough and an economic opportunity for Indian exporters.
Throughout the negotiations with the United States, Piyush Goyal’s messaging remained consistent. India was open to deeper trade integration but would not accept terms that harmed farmers, MSMEs, or domestic manufacturing.
As per market participants, the tariff cut is a meaningful positive for several export-heavy sectors, including textiles and apparel, seafood, auto ancillaries, engineering goods, chemicals, gems and jewellery, and select consumer exporters.
Donald Trump praised Narendra Modi after talks signalling progress on an India–US trade deal, announcing lower tariffs on Indian goods and closer cooperation on trade, energy and global security.
Analysts flag sentiment boost for exporters, but say near-term revenue impact for IT services remains limited
India-US trade deal: The announcements were made by US President Donald Trump following a telephonic conversation with Prime Minister Narendra Modi and what he described as the sealing of a trade deal between the two countries.
The timeline tracks US tariffs on Indian goods under President Trump, from initial 26 per cent duties to a peak of 50 per cent, culminating in a new trade deal reducing tariffs to 18 per cent.
India-US trade deal: Responding to a query on the 25 percent punitive levy imposed on India for purchasing Russian oil, Gor confirmed that the charge would no longer apply under the new agreement.
FPIs have been on a selling spree in Indian markets and net sold Rs 1.66 lakh crore worth Indian shares in 2025
India-US trade deal: In a post on Truth Social, Trump said the decision was taken out of friendship and respect for Prime Minister Modi and at his request.
Modi also inaugurated the terminal building of the Halwara airport in Ludhiana, which will further advance aviation infrastructure in Punjab
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Prime Minister Narendra Modi spoke to PT Usha and expressed his condolences on the passing of her husband.