Amid the ongoing global trade turmoil sparked by US President Donald Trump’s sweeping tariff measures, India has confirmed it is actively negotiating a trade agreement with the United States. Union Commerce Minister Piyush Goyal emphasised that India would not be pressured into hasty decisions and reaffirmed that national interest remains central to any deal.
Addressing reporters on the status of the India-US trade talks, Goyal stated unequivocally, “We do not negotiate at gunpoint.” He added that while time-bound negotiations can be productive, decisions should not be rushed if they risk compromising India’s public or economic interests.
His comments followed President Trump’s announcement of a temporary pause on reciprocal tariffs for all nations except China, which now faces a 145% duty.
India receives 90-day tariff reprieve
Although India was initially among the countries expected to be affected by Trump’s aggressive tariff policy, it has been granted a 90-day reprieve. This window provides critical breathing space for both nations to continue trade negotiations without immediate economic pressure.
The pause comes as part of the US administration’s attempt to isolate China economically, while keeping lines of communication open with other trade partners, including India.
“Our dialogue with the United States is progressing steadily and constructively, with mutual respect. We are committed to securing terms that foster growth, innovation, and fairness for both sides,” Goyal said.
India and the US aim to conclude the first phase of their trade agreement by autumn 2025 (September–October). The long-term goal is to more than double bilateral trade, increasing it from USD 191 billion to USD 500 billion by 2030.