```

National curiosity, not deadline, to dictate US trade deal: Piyush Goyal | India News

Kaumi GazetteTop Stories5 July, 2025

👁 0 views

National interest, not deadline, to dictate US trade deal: Piyush Goyal

NEW DELHI: India will enter right into a trade settlement with the US provided that its pursuits are protected and it’s in a position to maintain a tariff benefit over its rivals, whereas prioritising the pursuits of farmers, commerce and business minister Piyush Goyal mentioned Friday.“India has never discussed any trade agreement or even a tranche under any time pressure or under any duress. We have to take care of our national interest, we have to ensure it’s a fair deal which gives us a sustained preferential advantage over our competitors… But we are not working towards any specific deadlines, we are working towards national interest,” he instructed TOI in an interview, referring to the July 9 deadline set by US President Trump for trade agreements.No compromise on pursuits of farm & dairy sectors: Goyal US President Donald Trump had imposed reciprocal tariffs on practically 100 international locations however agreed to a 90-day pause that’s to finish Tuesday. India was slapped with 26% reciprocal tariffs. There is uncertainty over whether or not India and US can agree to an early tranche or a mini deal earlier than that at the same time as a complete bilateral trade settlement is negotiated by Fall (Sept-Oct) after a gathering between Trump and PM Modi.For India, decreasing tariffs on farm merchandise, resembling maize and soybean, in addition to dairy merchandise is a priority. While commerce and business minister Piyush Goyal did not get into the specifics, he mentioned India will not compromise the pursuits of farm and dairy sectors. “Farmers’ interest is always paramount for Modi govt. In any negotiation we have done, you have seen UK, Australia, Mauritius, EFTA and UAE agreements, India’s farmers have been protected.” Govt has avoided providing concessions in main agricultural merchandise, however for US, it’s the important focus.While some govt officers mentioned US calls for had been not very clear, for India, Goyal mentioned Indian expectations for responsibility concessions in labour-intensive sectors had been the main target of the trade deal. India hoped for responsibility concessions in leather-based, footwear, textiles and a few auto elements in return for lowering levies on cars and American whiskey.Besides, India needs to be insulated from future tariff changes, together with sectoral actions, whereas getting the good thing about decrease duties in contrast to international locations resembling China and Vietnam. There are solely a handful of nations, together with UK, China and Vietnam, which have to this point agreed to trade offers with US.