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'We will tackle it': India's commerce minister on fresh US tariffs
Days after the Trump administration proposed a new 12.5% tariff on Indian goods, Indian Commerce and Industry Minister Piyush Goyal said there was no need to worry and that "we will tackle it."
Goyal made the comments at an event hosted by news outlet The Financial Express on Sunday.
Last week, the US Trade Representative (USTR) said 60 countries had failed an investigation into the prohibition of import goods made with forced labor. India was one of those countries, falling into the 12.5% proposed tariff category.
This comes as India is already negotiating a final trade deal with the US after a 50% tariff was imposed on Indian goods. That was one of the highest tariffs levied on any country by the Trump administration, straining ties between New Delhi and Washington.
However, the Indian minister downplayed the threat.
"The (Section 301) investigation is directed at a particular country," Goyal said, without naming China, according to Financial Express.
"We will protect India's interests, and I'm very confident that the (India-US trade) deal will come through. It'll be a good deal," he said.
Diplomatic ties between New Delhi and Washington have been tense over the last year as a result of Trump's insistence on brokering peace between India and Pakistan, massive tariffs partly over India's import of Russian oil, and a series of less-than-friendly remarks towards India.
