Commerce Minister Piyush Goyal said India is likely to get better tariff terms from the US than other exporting nations. This advantage is due to India’s early engagement and strong trade ties. He pointed out that India started negotiations early, giving it an edge over peers like Japan and Vietnam. These countries currently face tariffs of 15–20%.

India and the US aim to double their trade to $500 billion. They are working to sign the first part of a broader trade deal by October 2025.

In a separate interview, Goyal spoke of his strong personal ties with US trade officials. He said these relationships have helped build momentum in the talks.

According to sources, the US trade team may visit India in the second half of August for the sixth round of negotiations. While the US is expected to announce new tariffs for its trading partners by 2nd August, discussions with India will continue beyond that date. India is treating this as a continuous process. They are not drawing lines between interim and first-phase agreements.

Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!