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    US tariff cut to 18pc a boost for Bengal exports; employment led sectors sees major upside
    Century Plyboards to ramp up exports to US amid favourable tariff regime: MD
    TDP MP urges govt to press US for formal withdrawal of punitive duty
    Global shares surge, led by records in Japan and South Korea, as markets regain momentum
    India-US trade deal a historic step, will open new avenues for businesses: Gujarat CM Patel
    India-US trade deal to boost FDI, FII, and strengthen rupee: EAC-PM chairman
    PM completely surrendered to appease Trump': Congress slams govt on trade deals
    India-US trade agreement: An explainer
    India-US trade deal drives rally in stock markets: Sensex, Nifty quote nearly 3 pc higher
    Shyam Sunder Jindal welcomes Budget 2026 push for domestic battery and solar glass manufacturing
    Goyal likely to make statement in Parliament on India-US trade deal
    Aarti Industries Delivers Robust Sequential Growth in Q3 FY26 Amid Global Volatility; Advances Portfolio Integration and Balanced Growth Strategy
    US-India trade deal historic milestone for global stability: Andhra CM
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    US tariff cut to 18 per cent to boost Indian rice exports: Exporters
    Chronology of events leading to announcement of India-US trade agreement
    Government notifies Baggage Rules, 2026. New Customs Baggage (Declaration and Processing) Regulations, 2026 and also issues a Master Circular
    Rupee jumps 119 paise to 90.30 against the US dollar on India-US trade deal
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February 3, 2026
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US tariff cut to 18% boosts Indian leather, footwear, jute and seafood exporters, improving price competitiveness.
A bilateral tariff adjustment lowers US reciprocal duties on Indian leather, footwear and other labour intensive exports to 18 per cent, improving competitiveness. The leather sector-USD 1.26 billion in US-bound exports in 2024 with a 2.9% market share-stands to gain most, while jute and seafood exporters anticipate margin recovery, pricing flexibility and increased capacity utilisation. Industry groups link the shift to potential employment gains and seek a broader preferential trade framework for deeper market access.
February 3, 2026
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Century Plyboards to scale up US exports as tariff changes improve export viability and market access.
Change in tariff structure and Indo US trade developments have improved export viability, prompting the company to scale up shipments of laminates, cubicles and exterior laminates to the United States and related American markets; the firm credits central government trade diplomacy for creating a more conducive environment and expects broader sectoral benefits for pharma, engineering and auto ancillaries.
February 3, 2026
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US punitive duty on Indian exports remains legally unwithdrawn; formal US notification and duty classification clarification are sought.
An MP urged the government to press the US for the formal withdrawal of the punitive duty and an official US notification, noting that the announced reduction of the reciprocal tariff to 18% remains provisional without a legal instrument under the International Emergency Economic Powers Act and that US Customs still lists separate duty codes for the reciprocal tariff and the Russia India punitive levy, creating ongoing uncertainty for exporters.
February 3, 2026
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Global shares surged as Japan and South Korea hit records amid tech rallies, policy uncertainty and trade tensions.
Global equity markets surged with record closes in Japan and South Korea led by technology stock rallies and expectations of market-friendly fiscal policy in Japan, while investor attention focused on trade tensions, potential rare-earth export curbs, Federal Reserve leadership uncertainty, and upcoming corporate earnings; commodities and currencies showed volatile moves consistent with demand for safe assets amid policy uncertainty.
February 3, 2026
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India-US trade deal cuts reciprocal tariffs to 18%, expanding market access and opportunities for MSMEs and farmers.
A bilateral agreement reduces the reciprocal tariff on Indian goods to 18 per cent, lowering the tariff threshold and expanding market access to strengthen the Make In India Initiative. The tariff adjustment is presented as creating export and business opportunities for MSMEs, farmers and youth, and follows prior US imposition of additional punitive duties that had increased the tariff burden on Indian exports.
February 3, 2026
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India-US trade deal cuts tariffs to 18%, expected to increase FDI and portfolio flows and support the rupee.
The India-US trade agreement sets a reciprocal tariff of 18 per cent on Indian goods to the US, lowering barriers relative to several competitor countries and aiming to boost labour intensive exports. The tariff cut is expected to raise exports, support higher economic growth, and reverse uncertainty that reduced net FDI and portfolio inflows, with the resulting capital flows anticipated to have a positive impact on the rupee.
February 3, 2026
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India-US and India-EU trade deals: Opposition demands full parliamentary disclosure and safeguards for farmers and sensitive sectors.
Opposition parties demand Parliament be given full texts and opportunity to debate the India-US and India-EU trade agreements, citing public statements about liberalised agricultural imports and tariff changes and asserting that legislators must be taken into confidence to assess safeguards for farmers and sensitive sectors such as agriculture, dairy and pharmaceuticals.
February 3, 2026
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India-US trade agreement lowers US reciprocal tariff to 18% while India is expected to reduce trade barriers; details pending.
The United States has announced a reduction in the reciprocal tariff on Indian goods from 25% to 18%, while stating that India will move to reduce its tariffs and non tariff barriers; no implementing instruments or detailed sectoral coverage have been published and an executive order or trade document is awaited to clarify legal effect and operational terms.
February 3, 2026
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India-US trade deal cuts US tariff to 18%, sparking major stock market rally and gains for export sectors.
The United States agreed to reduce the reciprocal tariff on Indian goods from 25% to 18%, prompting equity benchmarks to rally-Sensex and Nifty rose nearly 3% in afternoon trade-with export oriented sectors such as textiles, leather, gems and jewellery, seafood and specialty chemicals leading gains and market participants citing restored tariff predictability and improved export competitiveness.
February 3, 2026
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Budget 2026 extends customs duty exemptions to boost domestic manufacture of lithium ion cells and solar glass for clean energy.
Union Budget 2026 extends an exemption from basic customs duty on capital goods used to manufacture lithium ion cells for battery energy storage systems and on sodium antimonate used in solar glass, lowering customs costs for upstream inputs to incentivise domestic production of batteries and solar glass in support of renewable capacity expansion.
February 3, 2026
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India-US trade deal cuts reciprocal tariff on Indian goods from 25% to 18%; commerce minister to brief Parliament.
The United States and India have agreed to reduce the reciprocal tariff on Indian goods from 25 percent to 18 percent, altering import duty treatment for affected exports. The Commerce Minister is expected to make a parliamentary statement to inform legislators and stakeholders of the agreement and its administrative implications for customs and trade policy.
February 3, 2026
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Aarti Industries posts sequential Q3 growth-revenue, EBITDA and PAT up despite tariff pressures and a one time labour code cost.
Aarti Industries reported Q3 FY26 sequential improvement with revenue up 11% to Rs. 2,492 crore, EBITDA up 11% to Rs. 323 crore and PAT up 25% to Rs. 133 crore; performance benefited from resumed U.S. volumes and higher capacity utilisation while absorbing selective margin pressure from U.S. trade actions and tariffs. The company recorded a one time exceptional expense of about Rs. 15 crore for implementation of the new labour code and is awaiting government notifications to refine provisions.
February 3, 2026
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US-India trade deal reduces reciprocal tariffs to 18%, intended to boost Indian export competitiveness and bilateral economic ties.
The bilateral trade instrument reduces the reciprocal tariff to 18 per cent from 25 per cent, modifying market access for Indian goods and intended to enhance export competitiveness and bilateral economic cooperation by lowering tariff barriers.
February 3, 2026
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US tariff reduction to 18% on Indian goods improves market access and boosts exporters, manufacturing and MSMEs.
A bilateral trade agreement lowered the reciprocal tariff on Indian goods in the United States from 25% to 18%, modifying customs duties applicable to Indian exports and enhancing market access. The reduction is intended to benefit Indian manufacturing, exporters, MSMEs, and job creation by increasing competitiveness in US markets and supporting deeper commercial cooperation under the agreement's reciprocal tariff structure.
February 3, 2026
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India US trade deal reduces US tariff to 18% for India; framework lacks timelines and detailed implementation commitments.
The bilateral trade framework commits both governments to reduce tariffs and non tariff barriers, with a reciprocal US tariff rate of 18% for India and stated cooperation on critical minerals, technology, and supply chain resiliency. The announcement remains at a Framework stage: India's USD 500 billion purchase commitment lacks timelines and private sector implementation plans, and specific tariff line and NTM reductions are not disclosed, leaving legal effect contingent on future negotiating texts and implementation agreements.
February 3, 2026
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US tariff cut to 18% expected to restore tariff parity and boost Indian rice exports.
A proposed reduction in US import tariffs from 25% to 18% is expected to restore tariff parity for Indian rice with competitors, enhancing price competitiveness and boosting shipments; exporters also seek a waiver of a potential penalty related to Russian oil purchases, and report strong domestic production and recent Basmati and non Basmati export figures while expecting continuity of trade with Iran.
February 3, 2026
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India-US trade agreement: reciprocal tariff on Indian goods reduced to 18 percent amid multi-sector BTA talks.
The parties negotiated a multi-sector Bilateral Trade Agreement covering tariffs, market access, non-tariff barriers, customs facilitation, digital trade, sanitary and phytosanitary measures, and technical barriers. Following multiple rounds of talks amid prior US tariff impositions and temporary suspensions, the United States agreed to reduce the reciprocal tariff on Indian goods from 25% to 18% as part of the negotiated adjustments under the BTA framework.
February 3, 2026
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Baggage rules raise duty-free limits, add weight-based jewellery allowances, and enable temporary import certificates and digital declarations.
The Rules increase duty-free allowances by passenger category, exclude land-border arrivals, rationalise transfer-of-residence benefits with value caps by duration, replace jewellery value caps with weight-based allowances, introduce temporary baggage import/export certificates for temporary import/re-import, and consolidate operational guidance while adding concessions such as one duty-free laptop and pets, with measures to enable electronic declarations and simplified passenger facilitation.
February 3, 2026
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India-US trade tariffs cut to 18% boosts rupee, reopens FII participation and lifts equity markets.
Following a bilateral trade accord, trade tariffs reduced to 18 per cent from 50 per cent, prompting a 119-paise appreciation of the rupee to 90.30 per US dollar, stronger equity indices, and commentary that the tariff cut reopens prospects for Foreign Institutional Investor participation, with potential central bank intervention to address short-dollar positions.
February 3, 2026
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Congress demands transparency on US and EU trade deals; texts should be tabled and debated in Parliament.
The executive must take Parliament into confidence by laying the full texts of the US and EU trade agreements for debate, because reported terms - including tariff reductions, agricultural market liberalisation, and procurement commitments - have immediate regulatory and economic effects on domestic industry, farmers and trade policy.

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