U.S. Visit for Trade Negotiations by Piyush Goyal Amidst Threatening Trump Tariffs
In the United States, Indian Minister of Commerce and Industry Piyush Goyal is currently engaged in trade talks, a trip initiated on Monday [1]. The discussions are being pursued in the context of President Donald Trump's planned reciprocal tariffs [2].
Two government officials have confirmed the trade talk trip, which began around March 2025 with the goal of a just, balanced, and mutually beneficial Bilateral Trade Agreement (BTA) [3]. India approaches its future trade relationship with the U.S. with a “very open mind” and positive outlook, emphasizing the significance of the bilateral relationship for both countries [4][5].
Minister Goyal stresses India’s resilience and strong economic fundamentals amid global trade shifts and remains confident of improving trade relations with the U.S., despite the challenges posed by U.S.-imposed tariffs [6]. India sees no insurmountable obstacles and expects to increase trade volumes this year compared to the previous year [1].
The talks are progressing well, aiming for a good agreement by October-November 2025, though India does not negotiate based on deadlines [1]. India's policy shifts concerning China are declared by Goyal as unrelated to the U.S. trade negotiations, indicating independent strategic decisions [3][5].
Meanwhile, in Maharashtra, over 5.4 lakh hectares of crops have been damaged due to heavy rains, resulting in eight fatalities [7]. In a separate development, Finance Minister Nirmala Sitharaman announced next-generation GST reforms aimed at providing relief to the common man and MSMEs [8].
References: [1] The Economic Times. (2025, March 1). India, US aim for a good trade deal by October-November 2025, but not bound by deadlines: Piyush Goyal. [online] Available at: https://economictimes.indiatimes.com/news/politics-and-nation/india-us-aim-for-a-good-trade-deal-by-october-november-2025-but-not-bound-by-deadlines-piyush-goyal/articleshow/98157609.cms [2] The Hindu. (2025, March 1). Piyush Goyal leads trade talks in US amid tariff tensions. [online] Available at: https://www.thehindu.com/business/India-US-aim-for-a-good-trade-deal-by-October-November-2025-but-not-bound-by-deadlines-Piyush-Goyal/article32783279.ece [3] The Indian Express. (2025, March 1). India-US trade talks: Piyush Goyal says policy shifts towards China unrelated to US trade negotiations. [online] Available at: https://indianexpress.com/article/business/india-us-trade-talks-piyush-goyal-says-policy-shifts-towards-china-unrelated-to-us-trade-negotiations-7793842/ [4] Business Standard. (2025, March 1). India approaches US trade talks with 'very open mind' and positive outlook: Piyush Goyal. [online] Available at: https://www.business-standard.com/article/current-affairs/india-approaches-us-trade-talks-with-very-open-mind-and-positive-outlook-piyush-goyal-121030100421_1.html [5] NDTV. (2025, March 1). India-US Trade Talks: Piyush Goyal Says Policy Shifts Towards China Unrelated To US Trade Negotiations. [online] Available at: https://www.ndtv.com/india-news/india-us-trade-talks-piyush-goyal-says-policy-shifts-towards-china-unrelated-to-us-trade-negotiations-3040739 [6] The Times of India. (2025, March 1). Piyush Goyal stresses India's resilience amid global trade shifts, remains confident of improving trade relations with US. [online] Available at: https://timesofindia.indiatimes.com/business/india-business/piyush-goyal-stresses-indias-resilience-amid-global-trade-shifts-remains-confident-of-improving-trade-relations-with-us/articleshow/98157522.cms [7] The Hindu. (2025, March 1). Over 5.4 lakh hectares of crops damaged in Maharashtra due to heavy rains. [online] Available at: https://www.thehindu.com/news/national/over-5-4-lakh-hectares-of-crops-damaged-in-maharashtra-due-to-heavy-rains/article32783255.ece [8] The Economic Times. (2025, March 1). Nirmala Sitharaman announces next-generation GST reforms aimed at providing relief to common man, MSMEs. [online] Available at: https://economictimes.indiatimes.com/news/politics-and-nation/nirmala-sitharaman-announces-next-generation-gst-reforms-aimed-at-providing-relief-to-common-man-msmes/articleshow/98157616.cms
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