US commerce secretary, India minister discuss trade days after Trump's tariffs are struck down
US commerce secretary, India minister discuss trade days after Trump's tariffs are struck down
ReutersThu, February 26, 2026 at 8:52 AM UTC
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U.S. Commerce Secretary Howard Lutnick sits to testify before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies, on Capitol Hill in Washington, D.C., U.S., February 10, 2026. REUTERS/Elizabeth Frantz
NEW DELHI, Feb 26 (Reuters) - India's Trade Minister Piyush Goyal discussed trade and economic partnership with U.S. Commerce Secretary Howard Lutnick over lunch in New Delhi on Thursday, Goyal said in a post on X, days after President Donald Trump's sweeping global tariffs were invalidated.
Earlier this week, Goyal said two-way trade talks would resume once there was more clarity, signaling India's intent to pursue a deal with Washington despite Trump's weakened legal authority on tariffs.
"A highly productive lunch ... so many areas of cooperation for our two nations!", the U.S. envoy to India Sergio Gor said in a separate post on X, with a picture of himself with Lutnick and Goyal.
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Lutnick is on a personal visit to India, an Indian trade ministry official said.
Since the Supreme Court order, Trump has announced a temporary 10% duty on all nations, including India, and promised to raise it to 15% - the maximum allowed under the statute he has resorted to.
Prior to the ruling, both countries had agreed on a framework for Washington to cut tariffs on India to 18% from 50% - a rate that previously included a 25% punitive tariff for New Delhi's Russian oil purchases.
(Reporting by Shilpa Jamkhandikar, Manoj Kumar and Shivangi Acharya; Editing by YP Rajesh)
Source: “AOL Money”
