Piyush Goyal, Minister of Trade Unions and Industry, expressed confidence in Thursday that friendship between the United States and India can overcome current trade and tariff obstacles.
In particular, US President Donald Trump imposed the highest tariffs in India – a combined 50 % obligation, of which 25 % were imposed in April 2025 and another 25 percent were added since August 27, as a “punishment” for the purchase of Russian oil.
“The situation will pass with a deeper understanding,” says Piyush Goyal
“I think the US-India’s relationship is one of the most subsequent relationships in the world today. We are two very large democracy. We believe in a rule of law. We are allies and friends for a long time. I only look at one of the other situations because there is a deeper understanding and strengthened in the coming years.”
When he asked how he soon expected to resolve the situation, Goyal was optimistic, that it could be “soon”, but added that it could take time and note, “No matter what we will continue to be friends.”
American Indian relationship “very multidimensional”, says Minister
“We will continue to deal with the US and I am sure that we will continue to have more economic relations, defense relations, greater interest in safe, fair and safe indo-pacific. In some sense it is a very multidimensional relationship where we contribute to others in different dimensions and will continue to do it,” Goyal added.
Asked if the bilateral trade agreement (BTA) could occur by November, he added that during their February, both Prime Minister Narendra Modi and Donald Trump “commissioned their teams to conclude the first tranches of the bilateral trade agreement until the 25th”.
“I am sure that we will continue to be involved to try to find a solution to achieve this result. If at all, it gives it and takes a few days, a few weeks, several months-the history of the nation will not define long-term goals and goals,” he added.
About the future action plan of India…
Goyal commented on a strong and “incendiary” language used by some members of Trump’s administration and called it “personal opinions”.
“I think there might be any misunderstanding or some personal opinions that could be reflected. I don’t think it will discourage the US and India to continue to maintain a strategic alliance.
Regarding whether India can remove the page from the Chinese book and save retaliation to the US, Goyal rejected this option. “India is a patient country. And I believe it should make it all efforts to get better and deeper understanding in international trade laws.
(Tagstotranslate) PIYUSH GYAL (T) US-India Relationship (T) Trade Matters (T) Donald Trump Tariffs (T) Economic Relations (T) Tariffs in India
