Fresh off a landmark US Supreme Court ruling quashing Trump-proposed tariff surges, India’s Commerce and Industry Minister Piyush Goyal declared the nation’s intent to fortify its position in the US trade accord, potentially through necessary adjustments.
Goyal’s remarks at Friday’s media gathering in New Delhi cut through the speculation. ‘We’re attuned to shifting US tariff postures and committed to defending India’s vantage,’ he articulated.
Navigating the intricacies, he flagged risks like abrupt 10-15 percent duties and sundry negotiation threads. True to the India-US communique, re-equilibration remains on the table for altered scenarios, with dialogues in full swing.
Goyal’s tone blended assurance and foresight, lauding the deal’s merits while locking in exclusions for dairy and agribusiness. Amid global volatility, he heralded India’s export momentum as a testament to resilience.
Practically, the verdict has reshuffled calendars: the three-day huddle of principal trade envoys, eyed for February 23 in America, awaits rescheduling. This interlude allows thorough assessment of the tariff nullification, paving way for a balanced, forward-looking agreement.