Piyush Goyal Explains Why Trump Announced India-US Trade Deal First

• Commerce Minister Piyush Goyal clarified that US President Donald Trump announced the India-US trade deal first because the US had initially imposed and then withdrew tariffs on Indian goods.
• The agreement significantly reduces US tariffs on Indian goods from 50% to 18%, after Washington dropped an additional 25% punitive levy imposed last August.
• Goyal highlighted that the deal will create numerous opportunities for India's export-oriented industries, including MSMEs, engineering, textiles, gems and jewelry, leather goods, and marine goods.
• PM Modi ensured the protection of India’s sensitive economic sectors, particularly agriculture and dairy, during the trade negotiations.
• There is widespread enthusiasm across India, especially among export-oriented and technology sectors, regarding the deal's potential to boost global supply chain integration and investment.

Why It Matters: Piyush Goyal clarified Trump's early announcement of the India-US trade deal, emphasizing its benefits and protection of sensitive sectors.