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‘Mark My words...,' Says Rahul Gandhi on Indo-US Trade Deal

  • U.S. President Donald Trump warned that if a trade agreement is not finalized by July 9, 2025, a 26% tariff will be applied to all Indian imports starting next week.
  • The tariff threat follows prolonged trade talks with roadblocks over import duties on auto parts, steel, and farm products, amid India's resistance to opening some sectors and demand for favorable terms.
  • Union Commerce Minister Piyush Goyal stated on July 4, 2025, that India engages in trade discussions only on its own terms and will accept agreements that are mature, mutually beneficial, and protect national interest.
  • Goyal stated that trade agreements can only succeed if they provide mutual advantages and benefit both parties involved, emphasizing that India prioritizes the quality and thorough completion of deals over adhering to strict deadlines.
  • Negotiations continue with multiple countries including the U.S., and India’s stance suggests it will accept a trade deal only when fully finalised and aligned with its long-term priorities and national interests.
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आज तक broke the news in on Friday, July 4, 2025.
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