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U.S. 10% Tariff on Indian Goods Raises New Trade Risks

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Story summary
  • Commerce Minister Piyush Goyal will travel to the United States in late September for G20 trade talks.
  • Goyal expects a bilateral meeting with the U.S. commerce chief to discuss trade.
  • India expects to sign a trade deal with the European Union by end-2026.
  • The United States has imposed a 10% tariff on Indian goods over forced-labour concerns.
  • U.S. investigators are probing Indian excess-capacity exports, which could trigger additional tariffs.