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Union Commerce Minister Piyush Goyal says India will “wait and watch” developments around the US trade deal after a key US Supreme Court ruling on tariffs.
Goyal described the United States as one of India’s most significant trading partners
New Delhi: Union Commerce and Industry Minister Piyush Goyal said India is closely watching developments related to its trade discussions with the United States, stressing that New Delhi will ensure the country’s interests remain protected as the situation evolves.
Speaking during at the Rising Bharat Summit 2026 organised by CNN-News18, the minister said India continues to maintain active engagement with the US administration regarding the proposed trade arrangement.
Goyal described the United States as one of India’s most significant trading partners and emphasised the broader strategic and technological cooperation between the two nations.
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“For us, the US is an important trading partner and we share deep strategic and technological partnerships,” he said, adding that ongoing developments in the US require India to assess the situation carefully.
He noted that India is in continuous dialogue with American authorities and is monitoring how the trade landscape evolves before taking further steps.
“We will have to wait and watch and ensure that the interests of India are protected,” the minister stated, while reaffirming India’s commitment to securing the best possible opportunities through international trade agreements.
Goyal’s remarks come after a recent ruling by the Supreme Court of the United States that has influenced the future of tariff policies proposed by Donald Trump.
On February 20, the US Supreme Court delivered a 6-3 verdict in the case Learning Resources, Inc. v. Trump, striking down a major legal basis for sweeping tariff measures that had been introduced during Trump’s second presidential term.
The judgment has added uncertainty to the broader trade framework between the two countries, prompting India to reassess potential implications.
Highlighting the importance of competitive positioning, Goyal explained that international trade agreements are not solely determined by tariff levels but by the advantages they offer compared to rival exporters.
According to him, India had previously faced significant challenges when tariffs reached as high as 50 percent. Reducing those barriers has improved India’s competitiveness in global markets.
He said sectors such as agriculture, handicrafts, diamonds and pharmaceuticals have benefited from lower tariffs and better access to international markets.
Goyal expressed optimism about India’s export performance, noting that the country’s shipments abroad are expected to grow further this year.
“India is on the move and our exports this year will be higher,” he said, adding that the government remains committed to expanding global trade opportunities while safeguarding domestic economic interests.
