India's exports to get boost with US cutting tariff: FM Nirmala Sitharaman
New Delhi (PTI): US President Donald Trump's decision to slash tariffs on Indian goods to 18 per cent augurs well for the country as it will boost exports, Finance Minister Nirmala Sitharaman said Tuesday.
"So, actually our exports will pick up now, that is my expectation... along with having found new markets where they will continue to operate," she said in an interview to PTI Videos.
"It is a good augury for them (exporters)," Sitharaman said.
Trump's steep 50 per cent tariffs last year dented Indian exports by raising landed costs, squeezing exporter margins, and eroding competitiveness in the American market. Sectors such as steel, aluminium, textiles, engineering goods and some agricultural products were hit as higher duties led US buyers to shift orders to alternative suppliers.
On Monday, Trump agreed to slash US tariffs on Indian goods to 18 per cent from 50 per cent in exchange for India lowering trade barriers as well as stopping its purchases of Russian oil and instead buying oil from the US and potentially Venezuela.
On implementation, the deal would bring tariffs on India in line with most other Asian countries of around 15-19 per cent.
Sitharaman said while the details of the agreement will be announced soon, the cut in tariffs is a "good auguring" for exporters.
Taken together with the new markets exporters had tapped after becoming uncompetitive in the US, the "exports will pick up now," she said.
Earlier punitive US tariffs caused India's bilateral trade surplus with the US to shrink by USD 2.5 billion each month on average in September-December 2025 (versus the monthly average in January-August 2025), according to HSBC Global Investment Research.
There have also been USD 14 billion of equity outflows by foreign investors since July 2025 amid weak sentiment.
The new 18 per cent levy undercuts tariffs on key regional competitors such as Vietnam and Bangladesh, both facing duties of 20 per cent, restoring India's price advantage in the US market. The move offers significant relief to a broad range of labour-intensive exports, including apparel, footwear and jewellery makers, which had been hit by punitive 50 per cent tariffs imposed in August, sharply denting competitiveness and order flows.
Earlier in the day, Sitharaman had in a post on X called the tariff reduction announcement "Good news for #MadeInIndia products. They will now face reduced tariff of 18%."
Trump's announcement via a social media post late Monday night is part of a general agreement under which India has apparently agreed to stop buying Russian oil, reduce "their tariffs and non-tariff barriers against the United States to zero", and India buying an incremental USD 500 billion of "US energy, technology, agricultural, coal, and many other products" over the next five years.
The commitment to stop buying Russian oil nullifies the additional 25 per cent punitive tariff previously levied, and thereby reduces the effective applied tariff on Indian exports to the US to 18 per cent from 50 per cent.
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Mumbai family deaths: FDA finds no watermelon vendor in area to check for affected stock
Mumbai (PTI): The Food and Drug Administration team probing the cause of death of four members of a family in south Mumbai's JJ Marg area have not been able to zero in on any watermelon vendor in the vicinity to check if the fruit had a role to play in the ill-fated incident, an official said on Thursday.
The Dokadia family, residents of Ghari Mohalla on Ismail Kurte Road, had hosted a get-together of relatives on the night of April 25. At around 1 am, hours after the guests had left, Abdullah Dokadia (40), his wife Nasreen (35), and daughters Ayesha (16) and Zaineb (13) ate pieces of a watermelon.
They suffered severe bouts of vomiting and diarrhoea in the early hours of April 26 and were rushed to a local hospital before being referred to the government-run J J Hospital where all four died during treatment.
"The FDA team visited the house of Dokadia and collected samples of chicken pulao and watermelon pieces. After two days, the leftover chicken pulao had developed fungus growth. The team also tried to locate watermelon vendors to check for any affected lots," he said.
But no vendors were found in the area for the past two days, preventing the FDA team from getting samples, the official added.
The FDA has requested the Forensic Science Laboratory (FSL) to share the report on the food samples collected by them, he added.
A senior Mumbai police official said the force is waiting for FSL reports in the case, adding that questions on presence of sedatives etc in the fruit could be answered only then.
The statements of the kin of the deceased are being recorded to ascertain if it is a case of mass suicide, and it is being checked if the Dokadia family were in debt or distressed over some issue, the police official said.
