Piyush Goyal Likely To Meet USTR Greer This Week To Discuss Tariffs, Russia Oil Issue And India-US Trade Deal
Union Commerce Minister Piyush Goyal is expected to hold discussions with United States Trade Representative Jamieson Greer this week on the sidelines of the Group of Twenty (G20) Trade Ministerial in Milwaukee, Wisconsin. Goyal is likely to travel to the US late Monday, according to a report by Business Standard. The meeting comes amid growing trade-related concerns between India and the US,…
Union Commerce Minister Piyush Goyal is set to meet with USTR Jamieson Greer this week during the G20 Trade Ministerial in Milwaukee, Wisconsin. The meeting aims to discuss various trade-related issues that have strained India-US relations. Goyal is likely to travel to the US on Monday, according to Business Standard. The meeting comes amid growing tensions over tariffs and allegations of excess manufacturing capacity.
Washington has allowed President Trump to consider tariffs of up to 100% on countries purchasing Russian oil, while India faces a US investigation under Section 301 of the US Trade Act over excess manufacturing capacity allegations. India is also hoping to clarify its position on the India-US trade deal, as negotiations are ongoing.
Indian exporters are eager to address concerns over Russia-related tariffs and the Section 301 investigation, asserting that their purchases of Russian oil are for domestic energy security needs, and emphasizing that their manufacturing expansion reflects economic growth rather than excess capacity.
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