'Best deal' - Piyush Goyal hails PM Modi-Trump friendship; breaks down benefits of India-US trade deal - Details

India - US Trade Deal: Union Commerce Minister Piyush Goyal on Tuesday said that the trade deal finalised with the United States of America is the best deal India has secured compared to all neighbours, surrounding countries, and competing nations.Addressing media on India-US trade deal on Tuesday, the Union Minister said,"...On behalf of everyone, I thank Prime Minister Narendra Modi and congratulate all of you, because this trade deal, which the Prime Minister finalised yesterday, will truly bring immense opportunities for India's economy, for all 140 crore citizens of India, for every poor person, farmer, fisherman, young man and woman living in the villages, our sisters, and women..." LIVE | Deal sealed! Commerce Minister Piyush Goyal addresses India-US trade deal@PiyushGoyal @PiyushGoyalOffc @DoC_GoI #indiaustradedeal https://t.co/Hlu1isB8LW— ET NOW (@ETNOWlive) February 3, 2026 "We all know that, keeping in mind the close and warm relationship our Prime Minister shares with his friend, President Trump, the trade deal finalised with the United States of America is the best deal India has secured compared to all our neighbours, surrounding countries, and competing nations. This deal has been achieved for all of you, for all of us. It brings positive signs for a bright future for the country. We also know that for months, our negotiating teams were in continuous dialogue and discussions with officials and ministers of the United States of America." "India has got most profitable deal in comparison to neighbours," says Commerce Minister Piyush Goyal on India-US trade deal Here are his statements on sensitive sectors being protected, key gainers and how India benefits from this deal👇 @PiyushGoyal @PiyushGoyalOffc… https://t.co/toXZei4FpW pic.twitter.com/0u9H2UwbUv— ET NOW (@ETNOWlive) February 3, 2026 India-US Trade DealIndia and the US agreed on a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent from current 25 per cent, US President Donald Trump said on Monday after a phone conversation with Prime Minister Narendra Modi.The prime minister said he was delighted that "made in India products will now have a reduced tariff of 18 per cent"."Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement," Modi said on 'X' without mentioning the trade deal.Trump claimed India will move forward to reduce its "tariffs and non tariff barriers" against the US to zero."Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a trade deal between the United States and India, whereby the United States will charge a reduced reciprocal tariff, lowering it from 25 per cent to 18 per cent," the US president said on social media.India will "likewise move forward to reduce their tariffs and non tariff barriers against the United States, to zero".Trump said Modi also committed to "buy American" at a much higher level, in addition to over USD 500 billion dollars of US energy, technology, agricultural, coal, and many other products."Our amazing relationship with India will be even stronger going forward. Prime Minister Modi and I are two people that get things done something that cannot be said for most," he said.