Archive · 2 Jun 2025
Piyush Goyal's US Visit to Bolster Bilateral Trade Agreement Talks
India's Trade Minister, Piyush Goyal, is visiting the US to talk about a potential trade deal.
He will meet with US officials to check on how the discussions are going.
Teams from both countries will then negotiate the details.
This visit aims to speed up the process of creating a new trade agreement, similar to making a deal for buying and selling goods between the two countries.
Both countries want to make trade easier and benefit from pausing some tariffs.
The trade talks will cover topics such as tariffs and trade regulations.
India could put extra taxes on some American products, but it's still deciding whether to do so.
Piyush Goyal is visiting the US to assess BTA talks and provide political support.
Goyal will meet with the US Commerce Secretary and Trade Representative.
Negotiations between the two countries' teams will occur from May 19th to 22nd.
Both sides have finalized the terms of reference covering 19 chapters for a BTA.
The US has suspended additional tariffs on India until July 9th.
- Who
- India's Commerce and Industry Minister Piyush Goyal and U.S. officials
- What
- Piyush Goyal is visiting to discuss a potential Bilateral Trade Agreement.
- When
- Goyal will be in the US until May 20th, with negotiating teams meeting from May 19th to 22nd.
- Where
- United States
- Why
- To assess BTA talks and provide political steer to negotiations.
India's Position
US Stance
Retaliatory Tariffs
India's Position
India proposed retaliatory tariffs on American products over tariffs on Steel and Aluminium.
US Stance
The proposal at the WTO for retaliatory tariffs on Steel and Aluminium is not binding; India can choose whether to apply them.
- Minister's Visit
- Piyush Goyal
- US Officials Meeting
- Howard Lutnick, Jamieson Greer
- Negotiation Dates
- May 19-22
- BTA Chapters
- 19
- Tariff Suspension
- US suspended additional tariffs on India until July 9