Commerce Minister Piyush Goyal confirms India remains open to free trade agreements if they “benefit national interest,” but will not rush to meet deadlines, even amid a looming July 9 US tariff threat.
India has lodged WTO retaliation proposals, including auto tariffs, in response to the US’s protectionist measures.
Why It Matters:
- Indicates prudence—protecting domestic sectors (e.g., automotive, dairy) from global competition.
- Signals a cautious trade stance, which may impact export-linked jobs and international recruitment drives.
Source: reuters.com
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Last modified: July 5, 2025
