India-US Trade Deal Live: India-US trade deal under final touches, joint statement soon, says Piyush Goyal

Speaking at a press conference, Union Commerce & Industry Minister Piyush Goyal lambasted Congress leader Rahul Gandhi, alleging that he does not want the country to progress. "Rahul Gandhi is a symbol of negativity, and by associating with him, the leaders of the DMK, TMC, Samajwadi Party, and all of them, perhaps they are envious of India's bright future, the new opportunities our young men and women are getting, the rapid progress our industries are making, the new sectors opening up."

(With inputs from ANI)

Addressing a press conference on the newly announced India-US trade deal, Union Commerce and Industry Minister Piyush Goyal asserted that the pact will create immense opportunities for every citizen of India. He also lauded Prime Minister Narendra Modi's efforts for the same.

"On behalf of everyone, I thank Prime Minister Narendra Modi and congratulate all of you, because this trade deal, which the Prime Minister finalised yesterday, will truly bring immense opportunities for India's economy, for all 140 crore citizens of India, for every poor person, farmer, fisherman, young man and woman living in the villages, our sisters, and women" he stated.

(With inputs from ANI)

Addressing a press conference, Union Commerce & Industry Minister Piyush Goyal said, "Normally, we would have wanted to speak about this in Parliament, but we all witnessed that disgraceful scene. The way the opposition, especially the Congress party under the leadership of Rahul Gandhi and their allies the DMK, TMC, and Samajwadi Party, behaved so disgracefully in Parliament today. They even reached the Speaker's chair and insulted him. I strongly condemn the opposition and Rahul Gandhi, because of whom we have come here today to give you this information instead of speaking in Parliament."

(With inputs from ANI)

Speaking on the newly announced India-US trade deal, Union Commerce & Industry Minister Piyush Goyal says, "This is a deal that every Indian can be proud of."

Prime Minister Narendra Modi has always given special attention to the welfare of stakeholders in the agriculture and dairy sectors, says Union Commerce and Industry Minister Piyush Goyal.

Union Minister of Commerce and Industry Piyush Goyal credits Prime Minister Narendra Modi's leadership capabilities and his friendship with US President Donald Trump for the newly announced India-US trade deal.

Union Commerce and Industry Minister says India got the best trade deal with the US in the region.

Commenting on the newly announced India-US trade deal, Revenue Secretary Arvind Shrivastava said, "India-US trade deal will further expand and deepen trade between two of the largest economies of the World. It will create more opportunities for our labour-intensive and manufacturing sectors in the US market and give impetus to mutually-beneficial collaboration in high and advanced technology sectors."

Russia on Tuesday said that it had heard no official statements from India about halting purchases of Russian oil and that Moscow intended to develop its strategic partnership with New Delhi. READ HERE

Union Home Minister Amit Shah said the India–US trade deal would give fresh momentum to India’s MSME sector by boosting the global competitiveness of small industries, generating employment, integrating them into new supply chains, and improving the flow of investment and credit. He thanked Prime Minister Narendra Modi for an initiative he said would directly benefit the country’s small entrepreneurs.

Government sources have clarified that India’s crude purchases will be conducted globally from countries not under international sanctions, based on prevailing market rates.

"We did not buy from Venezuela when sanctions were in place. Now that sanctions are lifted, we will buy," they said.

Just three days ago, President Trump had hinted at India importing Venezuelan oil instead of purchasing crude from Iran.

Read more here.

The Congress on Tuesday criticised the India-US trade deal, saying it risks turning “Make in India” into “Sell India”. Party alleged that the agreement may open domestic markets to foreign products at the cost of local manufacturers and small businesses.

Tharoor noted that companies may hesitate to buy oil from Russia due to fear of sanctions. He said this could complicate aspects of the trade deal related to energy, particularly the US push for India to reduce Russian oil imports.

Tharoor raised concerns over US claims that the deal would bring $500 million in investment. He asked where this money would come from and whether it represents committed investments or projections, highlighting the need for transparency in the agreement.

Congress MP Shashi Tharoor said India can only be truly happy once the specifics of the US-India trade deal are known. While the reduction of tariffs from 50% to 18% is a positive step, he stressed that the agreement’s sectoral coverage and timelines remain unclear.

The Jaishankar-Rubio meeting comes a day after Trump announced on Truth Social that tariffs on Indian goods will be reduced from 25 per cent to 18 per cent. Analysts say the timing reflects renewed diplomatic engagement following months of trade-related tensions.

During his visit, Jaishankar will also meet senior members of the US administration. The Ministry of External Affairs said the engagements will focus on trade, strategic cooperation, and emerging technologies. Officials see the meetings as key to sustaining post-deal momentum.

Jaishankar is visiting the United States from February 2 to 4 and will participate in the inaugural Critical Minerals Ministerial on Wednesday. The event, convened by Rubio, aims to strengthen cooperation on supply chains crucial for technology, industry, and national security.

External Affairs Minister S Jaishankar will meet US Secretary of State Marco Rubio in Washington on Tuesday, a day after President Donald Trump announced the India-US trade deal. The meeting is expected to focus on strengthening bilateral ties and advancing cooperation following the tariff reduction agreement.

The secretary’s remarks have renewed debate in India over farm imports and market access. Political leaders and farmer groups are expected to closely examine the agreement’s provisions. Observers say agriculture could become a key issue during parliamentary discussions on the deal.