Union Finance Minister Nirmala Sitharaman in New Delhi on February 3, 2026
| Photo Credit: PTI
In a first comment by the government following the U.S. tariff cut announcement, Union Finance Minister Nirmala Sitharaman on Tuesday (February 3, 2026) said that India’s exports will get a further boost.
In an interview with PTI Videos, Ms. Sitharaman said the tariff announcement, in which Indian exports to the U.S. will attract a lower 18% tariff, is a “good auguring” for India.
India and the U.S. have agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18%, U.S. President Donald Trump said on Monday (February 3) after a phone conversation with Prime Minister Narendra Modi.
The details of the deal are still awaited.
Ms. Sitharaman said taken together with the new markets, “exports will pick up now”.
Published – February 03, 2026 05:35 pm IST
