Bengaluru | Mumbai, Feb. 3 -- Relief will start trickling into India's export hubs, where months of weak orders and job losses had followed the steep tariff hike by the US, the country's largest export market. Washington's move to cut tariffs on Indian goods is set to ease the pressure on labour-intensive exporters, such as textiles and gems and jewellery. This will potentially reverse job losses in manufacturing hubs such as Tiruppur and Surat after a year of muted orders forced factories to shed thousands of workers.

After prolonged negotiations between the two sides, US President Donald Trump and Prime Minister Narendra Modi on Monday announced a trade deal, under which Washington will cut tariffs on Indian goods to 18% from roughly 5...