IT-bt budget Round Table 2025: “I see no reason to worry,” says Piyush Goyal in Trump’s tariff war

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Together with the US President Donald Trump imposing high import tariffs on several key trading partners, similar to Canada, Mexico and his largest China sales partner, many are afraid of the potential impact of the inevitable criminal tariffs on imports from India. This can harm the country’s economy and make it difficult to increase imports.

However, it is simply too early to worry about such an antagonistic impact, he thinks that the Minister of Handle Pyysuh Goyal. At The India Today-Business Today, round budget, round Table 2025, in an interview with India Today News, the Business Director and Executive Director of Rahul Kanwal, the minister softened among the fears that many investors and exports currently have.

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According to Goyal, the Indian government and past US rule had superb relations. “We had a great relationship. We have never allowed none of the problems to the US-India (earlier) professional discussions, “Goyal said, adding that we should not apprehensive in regards to the negative impact of the tariffs.

“I don’t need to prevent myself. We need to watch the signals. I see no reason for worries. We are two mature countries – added Goyal.

Speaking of the difficulty of illegal immigration, because the brand new US government under the president of Trump began to deport Indians who remained in a developed country, Goyal claims that that is in line with the long -term policy of the India government. “India has long practiced as a politician that we would not tolerate illegal immigration. This is an area where India and US policy have completely equalized. “

However, it also points to the difference in formal business numbers between the USA and India. According to him, many money options for the USA in the USA from India, which should not taken under consideration during calculations. For example, he cites an example of Indian expenses of $ 12-13 billion in USD per 12 months in the USA.

While the previous finance minister P. Chidambaram pointed to the dearth of BI and multilateral trade treaties in the era of Modi’s government, Goyal claims that as a policy the federal government doesn’t sign such treaties, unless it serves the interests of national.

“We sign a FTA when we find it in the interest of the nation, not with a weapon directed at our head. So there is no rush; There is no deadline to sign a free trade agreement. For the government, the national interest is the most important, not a certain term, “says Goyal

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