Commerce and Industry Minister Piyush Goyal stated that India is prepared to adjust the proposed trade agreement with the United States to safeguard its interests following the US Supreme Court’s nullification of earlier tariff increases by the Trump administration. Goyal emphasized the need to protect India’s interests amidst the evolving situation regarding US tariffs.
He mentioned ongoing bilateral trade discussions with the US and highlighted the provision in the India-US joint statement for rebalancing the trade deal if circumstances change. Goyal expressed optimism about the trade deal’s positive aspects and reassured that sensitive sectors like dairy and farming are safeguarded in the agreement.
Despite global challenges, Goyal projected an increase in India’s exports this year. The official meeting between India and the US to discuss the interim bilateral trade agreement has been rescheduled to consider the implications of the US Supreme Court’s ruling on tariff hikes.
