Piyush Goyal: India's US Tariffs Lower Than Neighbors, MEA to Address Russian Oil

• Commerce Minister Piyush Goyal stated India faces lower US tariffs (18%) compared to neighbors like China (35%), Vietnam (20%), Bangladesh (20%), and Indonesia (19%).
• The US has reduced reciprocal tariffs on India to 18% from 25% and lifted the punitive 25% duty for buying Russian oil.
• Goyal confirmed that products where India is self-sufficient, including genetically modified crops, meat, poultry, dairy, and various staples, are excluded from the deal to protect farmers.
• Many Indian agricultural products like spices, tea, coffee, and cashews will enjoy zero tariffs when exported to the US.
• Goyal emphasized the deal's benefits for exporters, consumers, and MSMEs, while criticizing the Opposition for misleading farmers.