Keeping India's interests at forefront: Piyush Goyal on US tariffs

Union Minister for Commerce and Industry Piyush Goyal stated that the Government is working on a bilateral trade agreement as was decided between Prime Minister Narendra Modi and US President Donald Trump in February His remarks came in the face of the US tariffs imposed by Trumps administration reported news agency ANIPiyush Goyal assured the businesspersons that the government is keeping Indias interests at the forefront and expressed hope that the bilateral trade agreement will power the economy towards Viksit Bharat 2047On US tariff impacts Union Minister Piyush Goyal told ANI We are working on a bilateral trade agreement as was decided between Prime Minister Modi and US President Trump in February We had a series of engagements all of which were going in the right direction We are covering a wide area of subjects and products I can assure businesspersons across the country that we are keeping Indias best interests at the forefront Our bilateral trade agreement will power the economy towards Viksit Bharat 2047Meanwhile Union Minister Hardeep Puri on Tuesday said he was confident India will emerge stronger from the fallout of the US tariffs once the bilateral trade agreement between the two partner countries is finalised reported ANII am confident that India will do very well under the very able and wise leader like Prime Minister and his team he told reporters when asked to react to President Trumps reciprocal tariffs on trade partnersSince assuming office for his second term President Trump has reiterated his stance on tariff reciprocity emphasising that the United States will match tariffs imposed by other countries including India to ensure fair trade Faced with Trumps reciprocal tariffs a few countries have in retaliation imposed additional tariffs on US goods escalating trade tensions India has however refrained from any such move as both countries are actively working on a trade pact reported ANIWe will come out of this stronger than we are Every challenge presents an opportunity and India will take advantage of it he supplemented reported ANIEarlier on Monday US Secretary of State Marco Rubio and External Affairs Minister S Jaishankar held a discussion on US tariffs on India following President Donald Trumps announcement last week about imposing a 10 per cent tariff on all imports to the US which had caused concerns in the global market The US has imposed 26 per cent tariffs on Indian imports reported ANIThe discussion was aimed at progressing towards a fair and balanced trade relationship as stated by the US State Department spokesperson Tammy BruceDuring Prime Minister Narendra Modis recent visit to the US leaders of both countries resolved to deepen the USIndia trade relationship to promote growth that ensures fairness national security and job creation To this end the leaders set a bold new goal for bilateral tradeMission 500aiming to more than double total bilateral trade to USD 500 billion by 2030 reported ANISoon after in early March Indias Commerce Minister Piyush Goyal was in the US This followed TrumpModis plans to negotiate the first tranche of a mutually beneficial multisector Bilateral Trade Agreement BTA by the fall of 2025 The two leaders had committed to designating senior representatives to advance these negotiations reported ANIFurther speaking about energy availability in global markets Minister Hardeep Puri who holds the petroleum portfolio said there is ample crude oil available in the marketSpeaking of India he said the country has over the years diversified its crude oil sourcing to as many as 40 countries He also highlighted Indias own exploration and production efforts to meet its energy demandWith inputs from ANIatOptionskeyd0ddb8ef8f1a62a8cdd22fac27fc5ea7formatiframeheight90width728params