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Government sources said India now has “many options” through new markets and FTAs, as the United States cut tariffs under the new deal announced.
Donald Trump with PM Narendra Modi (Photo: PTI)
India now has “many options” on trade and exports, government sources told CNN-News18 on Tuesday, pushing back against the Opposition criticism over the newly-announced trade deal with the United States.
The remarks came amid debates that the 18 per cent tariff rate announced under the new agreement with the United States was still too high.
According to the sources, New Delhi has followed a two-pronged strategy in recent years, seeking access to new markets while simultaneously promoting a wider basket of export products.
They said the series of free trade agreements signed with other countries has diversified India’s commercial partners and reduced dependence on any single market.
February 03, 2026, 12:42 IST
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