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India-US Trade Deal Live: India secured the best deal, says Piyush Goyal on US trade pact

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India-US Trade Deal Live: India secured the best deal, says Piyush Goyal on US trade pact
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Why it matters

India-US Trade Deal Live Updates US President Donald Trump has announced a cut in tariffs on Indian goods from 25 per cent to 18 per cent after speaking with Prime Minister Narendra Modi signalling an easing of strained ties PM Modi welcomed the move saying quotMade in Indiaquot products would now face lower tariffs and thanked Trump for the decision The US President said the cut followed PMs request and reflected friendship and respect Trump also said a long-pending India-US trade deal is now close despite earlier disagreements especially over agriculture He added that PM had agreed to reduce purchases of Russian oil and shift imports towards the US and Venezuela Follow indiatodayin for live updates.

Key takeaways

  • The Ministry of External Affairs said the engagements will focus on trade, strategic cooperation, and emerging technologies.
  • He thanked Prime Minister Narendra Modi for an initiative he said would directly benefit the country’s small entrepreneurs.
  • He said this could complicate aspects of the trade deal related to energy, particularly the US push for India to reduce Russian oil imports.India US Trade News: Tharoor questions $500 million investment claimsTharoor raised concerns over US claims that the deal would bring $500 million in investment.

UPDATED: Feb 3, 2026 17:40 IST

India-US Trade Deal Live: Piyush Goyal slams Rahul Gandhi over his remarks on PM Modi

Union Commerce and Industry Minister Piyush Goyal slams Lok Sabha LoP Rahul Gandhi over his claims that Prime Minister Narendra Modi accepted the US-India trade deal under pressure. "Rahul Gandhi wants to mislead the public, he does not care about India's progress," the minister said.

India-US Trade Deal Live: PM Modi has always worked for welfare of agriculture, dairy sectors, says Goyal

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.

India-US Trade Deal Live: Piyush Goyal lauds PM Modi's leadership for trade pact

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.

US India Trade Deal Live: India got the best deal in the region, says Piyush Goyal

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

India US Trade Deal Live: Revenue secretary says pact will benefit India's labour-intensive sectors

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."

Heard nothing from India on stopping oil buys: Russia on Trump trade deal comments

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

India US Trade Deal Live: Trade pact will boost MSMEs, says Amit Shah

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.

India US Trade News: New Delhi will buy Venezuelan oil, govt sources say

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.

India US Trade Deal Live: Congress says pact turns ‘Make in India’ into ‘Sell India’

Shashi Tharoor: Companies wary of sanctions may limit oil purchases

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.

India US Trade News: Tharoor questions $500 million investment claims

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.

India US Trade Deal Live: Tharoor says clarity needed on trade deal details

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.

India-US Trade deal sets stage for diplomatic engagement

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.

India US Trade News: High-level talks planned with US administration

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.

India US Trade Deal News: Jaishankar’s US visit linked to critical minerals talks

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.

India US Trade Deal Live: Jaishankar to meet Marco Rubio amid trade momentum

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.

India US News: Agriculture emerges as major political flashpoint

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.

Trump Tariffs: Farm sector gains highlighted in trade negotiations

US officials said agricultural access was a major focus during trade negotiations. Rollins indicated that easing barriers for farm products was a priority for Washington. Analysts said agriculture remains a sensitive area in India-US talks, making these concessions politically significant.

India US Trade Agreement: India seen as key market for US farm products

Rollins said India represents one of the most important emerging markets for American agricultural goods. With rising food demand and changing consumption patterns, US officials see strong potential for exports of grains, dairy, and processed food under the new deal.

India US Trade News: Deal aims to cut $1.3 billion farm trade deficit

The US agriculture secretary said America’s agricultural trade deficit with India stood at $1.3 billion in 2024. She added that India’s growing population offers major opportunities for US exporters. The new agreement is expected to help narrow this gap over the coming years.

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Published: Feb 2, 2026

Read time: 5 min

Category: India