India will seek to maintain tariff advantage in US: Piyush Goyal
28-Feb-2026
India will continue to engage with the US for a trade deal that preserves the comparative advantage it had got against the competing economies in the interim agreement, Commerce and Industry Minister Piyush Goyal said Friday.
Under the interim deal the US had agreed on 18% additional tariffs for Indian imports, which was lower than all competing economies like Bangladesh, Vietnam, Indonesia, Thailand, Pakistan and Cambodia. After the India-US deal, the US Supreme Court invalidated the country-specific tariffs. After the judgement the US has imposed 10% additional tariffs on all imports, which it said would be going up to 15% in near future, thereby removing any tariff advantage India had got.
News Source:- https://www.financialexpress.com/policy/economy/india-will-seek-to-maintain-tariff-advantage-in-us-piyush-goyal/4156923/
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