US Commerce Secretary makes unscheduled visit to India after Trump tariffs ruling; meets Goyal for ‘productive’ lunch

The US Commerce Department, in a statement to HT, said the two sides “discussed ways to deepen the trade and economic relationship between the US and India.”

US ambassador to India Sergio Gor and Goyal confirmed the development through separate posts on X. (X/@PiyushGoyal)

Days after the US Supreme Court invalidated President Donald Trump’s sweeping global tariffs, commerce secretary Howard Lutnick made an unscheduled visit to New Delhi and had a “highly productive” lunch meeting with commerce minister Piyush Goyal on Thursday that largely revolved around trade and economic partnership.

US ambassador to India Sergio Gor and Goyal confirmed the development through separate posts on X. Along with a photograph of the three, Gor said: “A highly productive lunch with @howardlutnick and @PiyushGoyal. So many areas of cooperation for our two nations!”

Goyal said he had “engaged in very fruitful discussions to expand our trade and economic partnership.”

The US Commerce Department, in a statement to HT, said the two sides “discussed ways to deepen the trade and economic relationship between the United States and India.” A spokesperson of commerce ministry did not respond to queries seeking details.

Later in the day, Lutnick departed for Jodhpur. He is attending the wedding of Ayesha Arora, the daughter of tech executive Nikesh Arora, and Jack Hughes in Jodhpur, people familiar with the matter said.

The meeting comes at a critical juncture in India-US trade relations. The Supreme Court struck down Trump’s use of emergency powers under the International Emergency Economic Powers Act to impose sweeping tariffs on February 20, forcing his administration to rely on alternative legal provisions.

Trump invoked Section 122 of the Trade Act of 1974 to impose a fresh global tariff at 10%, and announced less than 24 hours later that he would raise it to the statutory ceiling of 15%. To be sure, the tariff, as on Thursday, stands at 10% on all trading partners, over and above prevailing MFN rates. The levy is valid for 150 days. The ruling upends a carefully negotiated timeline. India’s chief negotiator Darpan Jain and his team had been due in Washington from February 23 for talks to finalise the legal text of an interim bilateral trade agreement, based on a February 6 joint statement.

That statement had envisaged the US reducing its additional tariffs on India — which had reached as high as 50% combining reciprocal and punitive levies — to 18%, in return for India restricting purchases of Russian crude and allowing preferential access to specific American goods. The visit was postponed, with both indicating they needed time to “evaluate” the court’s decision and its “implications.” Experts said the February 6 joint statement would need to be readjusted given the changed landscape. The country-specific tariff structure it envisaged has been invalidated by the court, replaced by a uniform baseline that applies to all trading partners.

Source : https://www.hindustantimes.com/india-news/us-commerce-secretary-makes-unscheduled-visit-to-india-after-trump-tariffs-ruling-meets-goyal-for-productive-lunch-101772148859031.html

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