India-US Trade Deal Hinges on Tariff Competitiveness, Says Piyush Goyal

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Commerce Minister Piyush Goyal has outlined a key condition for sealing the first phase of a bilateral trade agreement between India and the United States. He stated that India must secure a comparative tariff advantage over competing nations before the deal can move forward. The condition signals that negotiations remain ongoing, with no immediate timeline confirmed. Separately, a proposed US legislative measure could impose tariffs on countries purchasing Russian energy. This development is relevant to India, which has significantly ramped up its imports of Russian crude oil following global supply disruptions.

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