Piyush Goyal Denies Reports of Stalled US Trade Talks as 'False and Misleading
Piyush Goyal said the report was false and India and the United States remain in active talks on a balanced deal.
- On Monday, Commerce Minister Piyush Goyal rejected a Reuters report claiming India walked away from a quick trade deal with the US, labeling the news "completely false, baseless and misleading."
- Goyal confirmed that negotiations remain active following his "fantastic meetings" with US Trade Representative Jamieson Greer in New Delhi in June 2026, with Commerce Secretary Rajesh Agrawal stating the India-US trade framework deal is ready.
- Energy ties have strengthened significantly, with US crude purchases rising from $6.6bn in FY2024-25 to $9.9bn in FY2025-26, while the US share of India's total crude imports reached 8.1 per cent during April-December.
- The original Reuters report claimed New Delhi walked away seeking a superior deal, yet Commerce Secretary Rajesh Agrawal noted India continues scaling up energy purchases from the US to diversify its import basket.
- Both sides reaffirmed their commitment to a balanced, commercially meaningful agreement that delivers tangible benefits for businesses, farmers, workers, and consumers, with Agrawal adding teams remain fully engaged in achieving this objective.
22 Articles
22 Articles
'Fake news alert,' US envoy, Piyush Goyal dismiss media report that India rejected quick trade deal
Dismissing a media report that claimed India rejected a trade pact with US hoping for a better deal, US Ambassador Sergio Gor and Union Minister Piyush Goyal have said that Washington and New Delhi remain committed to each other and an agreement will signed at the right time.
The American Bazaar
PressNewsAgency‘Misleading’: India’s Piyush Goyal denies report claiming India rejected US trade deal
Indian Commerce and Industry Minister Piyush Goyal took to X to dispute a Reuters report that claimed India had rejected a quick trade agreement with the United States. The Reuters report, citing analysts, said New Delhi was holding out for a better deal as Indian Prime Minister Narendra Modi gained confidence from expanding trade ties with other partners, reducing economic risks while strengthening his political position at home. According to R…
Piyush Goyal Rejects Report Saying India Rejected a 'Quick Agreement' on US Trade Deal
Commerce Minister Piyush Goyal on Monday dismissed a Reuters report claiming India rejected a quick trade deal with the US. Goyal termed the report false and baseless, confirming active negotiations continue following his June 2026 meeting with US Trade Representative Jamieson Greer. Commerce Secretary Rajesh Agrawal added that the framework deal is ready for signing.
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