New Delhi, July 30 -- The Director General & CEO of the Federation of Indian Export Organisations (FIEO), Dr Ajay Sahai, has responded to US President Donald Trump's announcement to levy 25% tariffs, plus a penalty on India.

He expressed disappointment over the 25% tariff levied on India and highlighted the ongoing discussions on the bilateral trade agreement (BTA) with the US. He noted the ambiguity of Trump's 'penalty' remarks and anticipated a significant reduction in tariffs with the upcoming BTA.

Speaking to ANI, Sahai said, "The 25% tariff imposed on India is a little disappointing for us, and we are constantly engaged with the US on the BTA. The 'penalty' President Trump has talked about is also not clear... In a few months, ther...