New Delhi resisted the US's attempt to penalize India with high 50% tariffs. Following Washington's attempt to "penalise" India for purchasing cheap Russian oil, Commerce Minister Piyush Goyal has now announced that trade talks between the US and India are nearing their conclusion.
Goyal called the taxes "unfair and unreasonable" and emphasized that American consumers, not Indian consumers, were harmed by the tariffs. While concurrent EU trade negotiations are already halfway through and scheduled to conclude by December, India is negotiating from strength when talks resume.
India's message is straightforward: we trade out of power, not out of pressure, from FTAs to startups, from exports to strategic autonomy.
