Round Budget Table IT-BT 2025: “You don’t see any cause of concern,” says Piyush Goyal in the Trump Tarifactory War

With the president of the United States, Donald Trump, imposing significant import tariff India. This could damage the country’s economy and hinder import growth.

However, it is too early to worry about any adverse impact, he believes that Commerce Minister Pyysuh Goyal. In India Today-Business Today Budget Round Table 2025, in conversation with India Today news director and executive director of Business Today Rahul Kanwal, the minister relieved some of the concerns that many investors and exports currently have.

According to Goyal, the Indian government and the governments of the American past have had a very good relationship. “We had a wonderful relationship. We never allow any of the issues to be in commercial discussions between the United States and India (before), said Goyal, and added that we are not worried about any negative impact of tariffs for now.

“I don’t want to avoid. We have to see the signals. I see no cause of concern. We are two mature countries, ”added Goyal.

Speaking about the issue of illegal immigration when the new United States government under President Trump began to deport the Indians who were illegally developed in the country, Goyal says he is in line with the long -term policy of the Indian government of the Indian government . “India as a policy has long practiced that we will not tolerate illegal immigration. That is an area where India and the policies of the United States were completely aligned. “

However, he also points out the disparity in the number of formal trade between the United States and India. According to him, they are taking multiple ways of money to the United States from India, which are not considered during the calculations. For example, he cites the example of Indian students who spend $ 12-13 billion every year in the United States.

While the former finance minister P. Chidambaram pointed out the lack of BI and multiralateral commercial treaties during the Modi government era, Goyal says that, as a policy, the Government will not sign these treaties unless it serves the national interest.

“We will sign a FTA when we find it in the interest of the nation, not with a weapon points to our head. So, there is no hurry; There is no deadline to sign a FTA. For the Government, the national interest is essential, not a deadline, “says Goyal