New Delhi: NDA ally TDP on Tuesday welcomed the announcement of India-US trade deal and reduction of tariffs from 25% to 18% even as it flagged concerns regarding uncertainty in shrimp export affecting farmers in Andhra Pradesh.
During the Zero Hour in the Rajya Sabha, TDP MP Mastan Rao Yadav said that in 2025, the US imposed a 25% reciprocal tariff on Indian goods, followed by an additional 25% punitive duty linked to India’s purchases of Russian oil. “As a result, several Indian exports faced an effective tariff burden of 50-58%, impacting nearly $48-50 billion worth of shipments to the US market. These measures severely disrupted trade flows, eroded competitiveness, and created uncertainty for exporters, particularly MSMEs and labour-intensive sectors,” Yadav said.
He also praised PM Narendra Modi and the NDA government for the determined efforts and proactive diplomatic engagement with the US yielding tangible results in terms of the trade deal.
