India Maintains Focus on Interests Amid US Trade Deal Delays
Union Commerce and Industry Minister Piyush Goyal has emphasized that India is not disappointed by delays in the India–US trade agreement, asserting that every nation naturally prioritizes its own interests. In a recent interview with The Times of India, Goyal highlighted India's unwavering commitment to safeguarding its economic and strategic concerns during ongoing negotiations.
Negotiations Continue in Friendly Manner
Goyal remarked, "Not at all. Every country looks after its own interests. We have to protect ours," adding that discussions with the United States are proceeding in a cordial and constructive atmosphere. This perspective comes as the Economic Survey 2026 projects a potential conclusion to the trade deal within the current year, which could alleviate external uncertainties for India's economy.
The Survey noted, "Ongoing trade negotiations with the United States are expected to conclude during the year, which could help reduce uncertainty on the external front." This optimistic outlook underscores the significance of the bilateral talks, which have been ongoing since March 2025.
Background of Trade Tensions and Tariffs
India and the US have faced trade challenges, particularly since August of last year, when Indian goods became subject to a 50% tariff from America—one of the highest rates imposed on any country. This tariff structure includes:
- 25% reciprocal tariffs
- 25% additional tariffs, which the Trump administration linked to India's continued purchases of Russian crude oil
Despite these hurdles, Goyal expressed confidence in resolving remaining issues, telling Hindustan Times that no "sticky issues" are left to be addressed. He described the proposed agreement as a "positive, good deal" and indicated that both sides are actively engaged without a fixed deadline, aiming for mutual satisfaction before finalization.
India's Broader Trade Strategy
Goyal's comments follow India's recent landmark agreement with the European Union, often dubbed the "mother of all deals," and its pursuit of multiple free trade agreements (FTAs) with nations such as New Zealand and Chile. He reiterated India's openness to negotiating with economies that practice fair trade, respect Indian sensitivities, and do not harm its interests.
Key points from his statements include:
- India remains focused on protecting its national interests in all trade discussions
- Negotiations with the US are progressing amicably, with a potential closure in sight
- The country is expanding its trade footprint through strategic FTAs globally
As India navigates complex international trade dynamics, Goyal's assurances reflect a balanced approach—prioritizing domestic concerns while fostering cooperative relationships with key partners like the United States.
