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Piyush Goyal to Visit US for G20 Meet, Push for Interim Bilateral Trade Deal
Goyal will meet USTR Jamieson Greer as both sides seek to finalise an interim trade pact amid tariff threats and Section 301 scrutiny.
Commerce and Industry Minister Piyush Goyal will visit the United States from September 29 to October 5, 2026, attending a G20 trade ministerial in Milwaukee and holding bilateral discussions with U.S. Trade Representative Jamieson Greer.
The visit aims to finalize an interim agreement after months of negotiations on the India-US Bilateral Trade Agreement. Both nations previously agreed in February on lower reciprocal tariffs of 18 per cent for Indian goods.
Tensions persist over India's Russian oil purchases, which could trigger tariffs under the Lindsey Graham Act, while a Section 301 probe into excess capacity remains underway. India maintains oil imports are essential for energy security.
Federation of Indian Export Organisations Chief Executive Ajay Sahai expressed hope for clarity but noted uncertainty remains. He stated that any concrete outcome depends on Washington devising a mechanism to ensure competitive tariffs for Indian goods.
Separately, the U.S. Trade Representative has already imposed a 10 per cent additional tariff on Indian goods following a forced labor investigation. Greer will address forced labor and supply chain issues during the broader G20 trade ministerial agenda.