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

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News18•05-02-2026, 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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