PIYUOUUH GOYAL says about the possible American business deal by November, despite the Trump tariff blow

Despite the war of deepening with the United States, PIYOUHH GOYAL Minister said that India is still in active talks with Washington and expects to finish the final touches on a bilateral trade agreement by November, even when it warned that “geopolitical issues” exceeded trade in recent discussions.

Speaking at the 2025 World Investor Conference in Mumbai, Joyl admitted that the increasing tensions raised by President Donald Trump’s tariff at 50 % on Indian imports, but stressed that the dialogue is continuing. “We have faced few geopolitical issues that have exceeded trade issues in our negotiations with the United States of America,” he said.

The customs duties, which were imposed in August, are aimed at Indian exports in response to the continuation of the oil trade in New Delhi with Russia – provokes the Trump administration claims that help finance the war in Ukraine. Trump also criticized the purchase of arms in India from Moscow, which increased diplomatic pressure.

However, Joyal stressed that India will not “bend” or “intimidation”, and attract clear red lines in the talks. He said: “We have a strategic independence … We do not open the agricultural and dairy sectors.”

Talks on a bilateral trade agreement (BTA) started in March and completed five rounds. The sixth round was postponed after the definitions valid, but it is said that both sides remain in close connection. Officials believe that the conflict is a temporary stage in a long -term relationship.

“A lot happens, more to go,” Joyl said in another industry forum early today. “With the United States, we are in an interview with them on BTA.”

US Treasury Secretary Scott Beesen recently acknowledged the complexity of the relationship, saying: “At the end of the day, we will meet.”

India has already signed trade agreements with Australia, the United Arab Emirates, Mauritius, the United Kingdom and the EFTA bloc.