India-US trade deal to be finalised once Washington offers competitive tariff rate, says Goyal - Moneycontrol.com

**India‑US Trade Deal Tied to Competitive U.S. Tariff Offer, Says Commerce Minister**

New Delhi – Commerce and Industry Minister Piyush Goyal told Indian media on Tuesday that the long‑pending trade agreement with the United States will be signed only after Washington presents a “competitive” tariff structure that gives India preferential access to the U.S. market. Goyal, speaking at a press briefing, said the Indian side is ready to move forward but “cannot compromise on a tariff regime that does not reflect the evolving trade realities and the need to protect India’s strategic interests.” He added that the government is reviewing the U.S. tariff schedule on a range of goods, including agricultural products, pharmaceuticals and information‑technology services, and expects a mutually beneficial rate that reduces India’s exposure to punitive duties.

The remarks came amid heightened diplomatic activity in Washington, where U.S. Trade Representative Katherine Tai’s office has indicated willingness to discuss “fair and balanced” tariff concessions. However, a comment by senior U.S. envoy Sergio García, quoted in the *Tribune India*, that “Piyush will arrange it” sparked a brief row, with critics accusing the statement of implying undue pressure on the Indian side. The Indian Ministry of Commerce dismissed the interpretation, emphasizing that any tariff adjustments must be the result of transparent, negotiated terms rather than informal assurances.

Analysts note that the trade talks have stalled for over a year, largely because of disagreements over tariffs on steel, aluminum and certain consumer goods. Both sides have signaled a desire to conclude the deal before the end of the fiscal year, citing the benefits of a stronger supply‑chain linkage and the potential to boost bilateral investment. If Washington offers the preferred tariff rates, officials say the finalisation could occur within weeks, paving the way for a broader economic partnership that aligns with the strategic objectives of both nations.