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Last Updated:<\/span>July 31, 2025, 22:06 IST<\/time><\/p>\nPiyush Goyal said that New Delhi is examining the implications of just announced US tariffs on Indian goods.<\/h2>\n<\/p>\n Union Minister Piyush Goyal speaks in the Lok Sabha during the Monsoon session of Parliament (PTI)<\/p>\n<\/figure>\nUnion Commerce Minister Piyush Goyal on Thursday said that the central government is studying the implications of tariffs imposed on Indian goods by US President Donald Trump.<\/p>\nWhile making a statement in the Lok Sabha, the Union Minister said, \u201cOn 2nd April 2025, the US President issued an executive order on reciprocal tariffs. 10% baseline duty in effect since 5th April 2025. With a 10% baseline tariff, a total of 26% tariff was announced for India. Full country-specific additional tariff was scheduled to come into effect on 9th April 2025. But on 10th April 2025 this was extended initially for 90 days and then extended till 1st August 2025.”<\/p>\n\n\n#WATCH<\/a> | US Tariffs | Union Minister of Commerce and Industry Piyush Goyal says, \u201c\u2026On 2nd April 2025, the US President issued an executive order on reciprocal tariffs\u202610% baseline duty in effect since 5th April 2025. With a 10% baseline tariff, a total of 26% tariff was\u2026 pic.twitter.com\/f1aN8JHBt9<\/a>\u2014 ANI (@ANI) July 31, 2025<\/a><\/p>\n<\/blockquote>\n<\/div>\nHe further said that the government will take all necessary steps to safeguard the national interest.<\/p>\n\u201cGovernment is examining the impact of the recent events. Ministry of Commerce and Industry is holding talks with exporters, industries and all stakeholders and gathering information on their assessment of this issue. Government gives utmost priority to the safeguarding of welfare of farmers, labourers, entrepreneurs, industrialists, exporters, MSMEs and stakeholders of the industrial sector. We will take all necessary steps to safeguard our national interest,” he added.<\/p>\nGoyal also emphasised that India has risen from the 11th to the fifth largest economy in the past decade due to the contributions of its farmers and MSMEs. He said that India will protect its\u00a0interests while negotiating any trade deal.<\/p>\nTrump\u2019s 25% Tariff Move<\/h3>\nEarlier on Wednesday, the US President Trump announced to impose a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment.<\/p>\nIn a post on his social media platform Truth Social, Trump cited India\u2019s high tariffs, stringent non-monetary trade barriers and continued military and energy ties with Russia as the basis for the move.<\/p>\n\u201cIndia is our friend, but we have\u2026 done relatively little business with them because their tariffs are far too high\u2026 and they have the most strenuous and obnoxious non\u2011monetary trade barriers of any country,” Donald Trump wrote.<\/p>\nLater, he criticised India\u2019s trade policies and its ties with Russia. In his post, Trump dismissed concerns over India\u2019s relationship with Moscow, stating, \u201cI don\u2019t care what India does with Russia. They can take their dead economies down together, for all I care.”<\/p>\n\n\n<\/p>\n<\/figure>\n<\/span><\/p>\nShobhit Gupta<\/a><\/p>\nShobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben…Read More<\/span><\/p>\n<\/div>\n<\/div>\nShobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben… Read More<\/span><\/p>\n<\/div>\n<\/div>\nStay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates\u2014only on News18. Also\u00a0Download the\u00a0News18 App<\/a>\u00a0to stay updated!<\/span><\/div>\nview comments<\/span><\/p>\nFirst Published:<\/span><\/ul>\nNews<\/a> business<\/a> ‘Focused On India’s Interest’, Piyush Goyal Tells Parliament On Trump’s 25% Tariff Move<\/span><\/div>\n\n\nDisclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\nRead More<\/span><\/p>\n<\/div>\n
Union Minister Piyush Goyal speaks in the Lok Sabha during the Monsoon session of Parliament (PTI)<\/p>\n<\/figure>\n
Union Commerce Minister Piyush Goyal on Thursday said that the central government is studying the implications of tariffs imposed on Indian goods by US President Donald Trump.<\/p>\n
While making a statement in the Lok Sabha, the Union Minister said, \u201cOn 2nd April 2025, the US President issued an executive order on reciprocal tariffs. 10% baseline duty in effect since 5th April 2025. With a 10% baseline tariff, a total of 26% tariff was announced for India. Full country-specific additional tariff was scheduled to come into effect on 9th April 2025. But on 10th April 2025 this was extended initially for 90 days and then extended till 1st August 2025.”<\/p>\n
\n#WATCH<\/a> | US Tariffs | Union Minister of Commerce and Industry Piyush Goyal says, \u201c\u2026On 2nd April 2025, the US President issued an executive order on reciprocal tariffs\u202610% baseline duty in effect since 5th April 2025. With a 10% baseline tariff, a total of 26% tariff was\u2026 pic.twitter.com\/f1aN8JHBt9<\/a>\u2014 ANI (@ANI) July 31, 2025<\/a><\/p>\n<\/blockquote>\n<\/div>\nHe further said that the government will take all necessary steps to safeguard the national interest.<\/p>\n\u201cGovernment is examining the impact of the recent events. Ministry of Commerce and Industry is holding talks with exporters, industries and all stakeholders and gathering information on their assessment of this issue. Government gives utmost priority to the safeguarding of welfare of farmers, labourers, entrepreneurs, industrialists, exporters, MSMEs and stakeholders of the industrial sector. We will take all necessary steps to safeguard our national interest,” he added.<\/p>\nGoyal also emphasised that India has risen from the 11th to the fifth largest economy in the past decade due to the contributions of its farmers and MSMEs. He said that India will protect its\u00a0interests while negotiating any trade deal.<\/p>\nTrump\u2019s 25% Tariff Move<\/h3>\nEarlier on Wednesday, the US President Trump announced to impose a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment.<\/p>\nIn a post on his social media platform Truth Social, Trump cited India\u2019s high tariffs, stringent non-monetary trade barriers and continued military and energy ties with Russia as the basis for the move.<\/p>\n\u201cIndia is our friend, but we have\u2026 done relatively little business with them because their tariffs are far too high\u2026 and they have the most strenuous and obnoxious non\u2011monetary trade barriers of any country,” Donald Trump wrote.<\/p>\nLater, he criticised India\u2019s trade policies and its ties with Russia. In his post, Trump dismissed concerns over India\u2019s relationship with Moscow, stating, \u201cI don\u2019t care what India does with Russia. They can take their dead economies down together, for all I care.”<\/p>\n\n\n<\/p>\n<\/figure>\n<\/span><\/p>\nShobhit Gupta<\/a><\/p>\nShobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben…Read More<\/span><\/p>\n<\/div>\n<\/div>\nShobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben… Read More<\/span><\/p>\n<\/div>\n<\/div>\nStay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates\u2014only on News18. Also\u00a0Download the\u00a0News18 App<\/a>\u00a0to stay updated!<\/span><\/div>\nview comments<\/span><\/p>\nFirst Published:<\/span><\/ul>\nNews<\/a> business<\/a> ‘Focused On India’s Interest’, Piyush Goyal Tells Parliament On Trump’s 25% Tariff Move<\/span><\/div>\n\n\nDisclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\nRead More<\/span><\/p>\n<\/div>\n
#WATCH<\/a> | US Tariffs | Union Minister of Commerce and Industry Piyush Goyal says, \u201c\u2026On 2nd April 2025, the US President issued an executive order on reciprocal tariffs\u202610% baseline duty in effect since 5th April 2025. With a 10% baseline tariff, a total of 26% tariff was\u2026 pic.twitter.com\/f1aN8JHBt9<\/a>\u2014 ANI (@ANI) July 31, 2025<\/a><\/p>\n<\/blockquote>\n<\/div>\nHe further said that the government will take all necessary steps to safeguard the national interest.<\/p>\n\u201cGovernment is examining the impact of the recent events. Ministry of Commerce and Industry is holding talks with exporters, industries and all stakeholders and gathering information on their assessment of this issue. Government gives utmost priority to the safeguarding of welfare of farmers, labourers, entrepreneurs, industrialists, exporters, MSMEs and stakeholders of the industrial sector. We will take all necessary steps to safeguard our national interest,” he added.<\/p>\nGoyal also emphasised that India has risen from the 11th to the fifth largest economy in the past decade due to the contributions of its farmers and MSMEs. He said that India will protect its\u00a0interests while negotiating any trade deal.<\/p>\nTrump\u2019s 25% Tariff Move<\/h3>\nEarlier on Wednesday, the US President Trump announced to impose a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment.<\/p>\nIn a post on his social media platform Truth Social, Trump cited India\u2019s high tariffs, stringent non-monetary trade barriers and continued military and energy ties with Russia as the basis for the move.<\/p>\n\u201cIndia is our friend, but we have\u2026 done relatively little business with them because their tariffs are far too high\u2026 and they have the most strenuous and obnoxious non\u2011monetary trade barriers of any country,” Donald Trump wrote.<\/p>\nLater, he criticised India\u2019s trade policies and its ties with Russia. In his post, Trump dismissed concerns over India\u2019s relationship with Moscow, stating, \u201cI don\u2019t care what India does with Russia. They can take their dead economies down together, for all I care.”<\/p>\n\n\n<\/p>\n<\/figure>\n<\/span><\/p>\nShobhit Gupta<\/a><\/p>\nShobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben…Read More<\/span><\/p>\n<\/div>\n<\/div>\nShobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben… Read More<\/span><\/p>\n<\/div>\n<\/div>\nStay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates\u2014only on News18. Also\u00a0Download the\u00a0News18 App<\/a>\u00a0to stay updated!<\/span><\/div>\nview comments<\/span><\/p>\nFirst Published:<\/span><\/ul>\nNews<\/a> business<\/a> ‘Focused On India’s Interest’, Piyush Goyal Tells Parliament On Trump’s 25% Tariff Move<\/span><\/div>\n\n\nDisclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\nRead More<\/span><\/p>\n<\/div>\n
He further said that the government will take all necessary steps to safeguard the national interest.<\/p>\n
\u201cGovernment is examining the impact of the recent events. Ministry of Commerce and Industry is holding talks with exporters, industries and all stakeholders and gathering information on their assessment of this issue. Government gives utmost priority to the safeguarding of welfare of farmers, labourers, entrepreneurs, industrialists, exporters, MSMEs and stakeholders of the industrial sector. We will take all necessary steps to safeguard our national interest,” he added.<\/p>\n
Goyal also emphasised that India has risen from the 11th to the fifth largest economy in the past decade due to the contributions of its farmers and MSMEs. He said that India will protect its\u00a0interests while negotiating any trade deal.<\/p>\n
Earlier on Wednesday, the US President Trump announced to impose a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment.<\/p>\n
In a post on his social media platform Truth Social, Trump cited India\u2019s high tariffs, stringent non-monetary trade barriers and continued military and energy ties with Russia as the basis for the move.<\/p>\n
\u201cIndia is our friend, but we have\u2026 done relatively little business with them because their tariffs are far too high\u2026 and they have the most strenuous and obnoxious non\u2011monetary trade barriers of any country,” Donald Trump wrote.<\/p>\n
Later, he criticised India\u2019s trade policies and its ties with Russia. In his post, Trump dismissed concerns over India\u2019s relationship with Moscow, stating, \u201cI don\u2019t care what India does with Russia. They can take their dead economies down together, for all I care.”<\/p>\n
<\/span><\/p>\n
Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben…Read More<\/span><\/p>\n<\/div>\n<\/div>\nShobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben… Read More<\/span><\/p>\n<\/div>\n<\/div>\nStay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates\u2014only on News18. Also\u00a0Download the\u00a0News18 App<\/a>\u00a0to stay updated!<\/span><\/div>\nview comments<\/span><\/p>\nFirst Published:<\/span><\/ul>\nNews<\/a> business<\/a> ‘Focused On India’s Interest’, Piyush Goyal Tells Parliament On Trump’s 25% Tariff Move<\/span><\/div>\n\n\nDisclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\nRead More<\/span><\/p>\n<\/div>\n
Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben… Read More<\/span><\/p>\n<\/div>\n<\/div>\nStay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates\u2014only on News18. Also\u00a0Download the\u00a0News18 App<\/a>\u00a0to stay updated!<\/span><\/div>\nview comments<\/span><\/p>\nFirst Published:<\/span><\/ul>\nNews<\/a> business<\/a> ‘Focused On India’s Interest’, Piyush Goyal Tells Parliament On Trump’s 25% Tariff Move<\/span><\/div>\n\n\nDisclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\nRead More<\/span><\/p>\n<\/div>\n
view comments<\/span><\/p>\nFirst Published:<\/span><\/ul>\nNews<\/a> business<\/a> ‘Focused On India’s Interest’, Piyush Goyal Tells Parliament On Trump’s 25% Tariff Move<\/span><\/div>\n\n\nDisclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\nRead More<\/span><\/p>\n<\/div>\n
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