Commerce and Industry Minister Piyush Goyal has indicated that India will not finalise the bilateral trade agreement (BTA) with the US until Washington agrees to offer preferential tariff rates compared to India’s competitors

India awaits US tariff advantage for trade deal finalization. The agreement was announced on February 3, 2026, reducing US tariffs on Indian goods. New Delhi seeks a clear…

The final details of the agreement with the United States will be announced once Washington is able to give New Delhi a preferential rate, Piyush Goyal said.

Piyush Goyal said India will finalise the US BTA once Washington offers preferential terms compared with competitors, with more trade pacts planned.