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News1805-02-2026, 07:37

Piyush Goyal Led India-US Trade Deal, Not Me: S. Jaishankar Confirms

  • Foreign Minister S. Jaishankar clarified that Commerce Minister Piyush Goyal led the India-US trade deal negotiations, not him directly.
  • The trade deal, agreed upon after a phone call between PM Modi and President Trump, is now in detailing stages and awaits official announcement.
  • The US reduced tariffs on Indian goods from 50% to 18%, a move hailed as 'historic' by both nations.
  • Piyush Goyal informed Parliament that sensitive sectors like agriculture and dairy are protected, and labor-intensive Indian industries will benefit.
  • The deal is crucial for India's economic growth, job creation, and 'Make in India' initiative, while the US seeks to diversify its manufacturing base.

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