NEW DELHI: Union Minister for Commerce and Industry Piyush Goyal started on a trip to the United States on Monday to pursue trade talks, weeks ahead of President Donald Trump’s planned reciprocal tariffs.
Goyal’s visit was sudden, as he departed after cancelling previously scheduled meetings until March 8, the officials said. He is also the minister for industry.
India’s trade ministry did not immediately respond to an e-mailed request for comment.
During Prime Minister Narendra Modi’s visit to the US last month, both nations agreed to work on the first segment of a trade deal by the fall of 2025, aiming for bilateral trade worth $500 billion by 2030.
Trump’s proposal to impose reciprocal tariffs from early April on trading partners including India is worrying Indian exporters in sectors ranging autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.
(Reporting by Manoj Kumar and Shivangi Acharya in New Delhi; Editing by Raju Gopalakrishnan)
“This website aggregates and republishes news content from various sources under fair use, providing attribution and links to original articles for informational purposes.”
Comments