Speaking to reporters on Thursday, the official confirmed that Washington is pursuing a reciprocal trade agreement with New Delhi whilst simultaneously addressing concerns over India's purchases of Russian oil.
Import of ready-made garments from Bangladesh fell sharply by 27 percent to USD 257 million during April-September 2025, compared to the same period the previous year, in the wake of restrictions imposed by the Indian government that helped boost the domestic market.
India has emerged as Indonesia's third-largest export destination in the second quarter of 2025, overtaking Japan, as global trade realigns following shifting tariffs and changing energy trends, according to a report by Rubix Data Sciences.
The Global Trade Research Initiative (GTRI) has said that while the Union Cabinet's approval of the Rs25,060-crore Export Promotion Mission (EPM) is a step forward, the initiative still faces significant implementation hurdles and funding constraints.
A challenging external environment coupled with the continuing impact of tariffs is expected to keep future growth estimates subdued, according to a report by SBI Mutual Fund.
India's Textile & Apparel, including handicrafts exports, demonstrated remarkable resilience in the first half of FY 2025-26 despite global headwinds and tariff-related challenges in major markets.
India must urge the United States to withdraw the 25 per cent "Russian oil" tariffs before proceeding with any trade agreement, stated a report by the Global Trade Research Initiative (GTRI).
"Exit Polls are not accurate. They are only a speculation. It indicates what might happen. It would not be right to think that they are accurate," Congress MP Tariq Anwar said as Exit Polls indicate an NDA win in Bihar.
Union Commerce and Industry Minister Piyush Goyal, on Tuesday said that the government is trying to work out a fair, equitable and balanced trade deal with the United States and is also preparing for every contingency.
As exit polls projected a clear majority for the ruling National Democratic Alliance (NDA) in Bihar, Congress MP Tariq Anwar dismissed the predictions as speculative, saying they "cannot be considered accurate.
During the swearing-in ceremony of Sergio Gor as the new US Ambassador to India, Trump remarked, "We have a fantastic relationship with the Prime Minister, (Narendra) Modi, and Sergio (Gor) has only enhanced that because he's become already friendly with the Prime Minister."