Piyush Goyal: No E-commerce Inventory Concessions in India-US Trade Deal

Business
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CNBC TV18•09-02-2026, 09:17
Piyush Goyal: No E-commerce Inventory Concessions in India-US Trade Deal
- •Commerce Minister Piyush Goyal clarifies e-commerce inventory not part of India-US trade talks.
- •India's existing regulatory framework for e-commerce remains unchanged.
- •New framework to significantly improve US market access for Indian goods, with 50% attracting zero duty.
- •US Section 232 tariffs to apply to 10-15% of exports (steel, aluminum); 35% face 18% tariffs.
- •Russian crude oil imports not part of trade deal, handled by Ministry of External Affairs.
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