Politics7/24/2025Bloomberg

India’s Commerce Minister ‘Confident’ They’ll Get US Trade Deal

India's Commerce Minister Piyush Goyal expressed confidence in reaching a trade deal with the United States before the August 1st deadline. This comes amid the threat of 26% tariffs being imposed by the US on Indian goods. Goyal stated that he was optimistic about the negotiations and believed that both countries could find a mutually beneficial agreement. The two nations have been engaged in trade discussions for some time, with the potential tariffs looming as a key point of contention. The Commerce Minister emphasized India's desire to work constructively with the US to address any trade-related concerns. Both countries are reportedly working towards a limited trade deal that could provide a path forward and prevent the escalation of trade tensions. The outcome of these negotiations is closely watched, as it could have significant implications for the economic relationship between India and the United States.

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