Goyal spoke at an awards function in Mumbai

Jun 08, 2026

01:02 pm

What's the storyCommerce and Industry Minister Piyush Goyal has downplayed concerns over the proposed 12.5% tariffs by the Trump administration on India and 53 other countries.

The tariffs were announced after a US Trade Representative (USTR) investigation under Section 301 of the US Trade Act found these countries failed to ban "importation of goods produced wholly or in part with forced labor."