U.S. Commerce Secretary Howard Lutnick has called India one of the “big ones” Washington wants to settle trade disputes with. He urged New Delhi to open its markets and stop actions that, in his view, hurt American businesses. Lutnick also pointed out that the U.S. has similar issues with countries like Switzerland and Brazil.
Explaining the Trump administration’s style, he said, “The first deal is always the best deal. Every new deal comes at a higher cost.” India currently faces some of the steepest tariffs, with U.S. duties reaching up to 50% on several Indian goods. A 25% penalty was also imposed because India continues to buy Russian oil. Lutnick warned that if countries want access to American consumers, they need to “play ball” with Washington.
Despite the tough talk, trade negotiations are back on track. India’s Commerce Minister Piyush Goyal led a delegation to Washington from September 22 to 24. The team held discussions with U.S. Trade Representative Jamieson Greer and Ambassador-designate Sergio Gor.
Both sides described the talks as constructive. India also reached out to U.S. businesses, showcasing investment opportunities and receiving positive feedback from investors.
