Commerce Minister Piyush Goyal mentioned India is more likely to get higher tariff phrases from the US than different exporting nations. This benefit is because of India’s early engagement and robust commerce ties. He identified that India began negotiations early, giving it an edge over friends like Japan and Vietnam. These international locations presently face tariffs of 15–20%.
India and the US goal to double their commerce to $500 billion. They’re working to signal the primary a part of a broader commerce deal by October 2025.
In a separate interview, Goyal spoke of his sturdy private ties with US commerce officers. He mentioned these relationships have helped construct momentum within the talks.
Based on sources, the US commerce staff could go to India within the second half of August for the sixth spherical of negotiations. Whereas the US is anticipated to announce new tariffs for its buying and selling companions by 2nd August, discussions with India will proceed past that date. India is treating this as a steady course of. They aren’t drawing strains between interim and first-phase agreements.
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