All posts tagged: Section 232 tariffs

Has India Committed To Buying Products Worth 0 Billion From US? Piyush Goyal Explains Logistics | India News

Has India Committed To Buying Products Worth $500 Billion From US? Piyush Goyal Explains Logistics | India News

Published by Webster

Last Updated:February 09, 2026, 07:59 IST The commerce minister said India would increasingly buy from the US where it can be a preferred supplier, particularly in high-value areas such as advanced ICT products and GPUs Union Minister Piyush Goyal | ANI Image Commerce and Industry Minister Piyush Goyal has said India sees “no difficulty” in sourcing goods worth $500 billion from the United States over time, as the two countries move closer to formalising a trade deal that will cut tariffs on a large share of Indian exports. Speaking to CNBC-TV18, Goyal said India would increasingly buy from the US where it can be a preferred supplier, particularly in high-value areas such as advanced ICT products and GPUs, apart from energy imports and aircraft. “We already have over $80 billion worth of aircraft and equipment orders, and this is set to increase. Energy imports from the US, including coking coal, will also rise significantly,” he said. The comments come as the White House is expected to issue an executive order next week bringing down reciprocal …

ndia secures rare US ‘National Security’ trade concessions; 0B energy and tech deal revealed

ndia secures rare US ‘National Security’ trade concessions; $500B energy and tech deal revealed

Published by Parlour News

3 min readFeb 7, 2026 08:56 AM IST India has secured concessions on steel, aluminium, copper, pharma, cars and car parts that fall under Section 232 ‘national security’ related tariffs, which only a few countries, such as the UK, Japan and South Korea, have received under the trade agreement with the US, the India-US joint statement released on Friday showed. However, the exact nature of the concessions was not revealed. Indicating that India has also agreed significant market access, the statement said India will eliminate or reduce tariffs on all US industrial goods and a “wide range” of US food and agricultural products, including dried distillers’ grains (DDGs), red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products. Section 232 concession The Section 232 concession is significant as it is not subject to the ongoing US Supreme Court case that could rule against US President Donald Trump’s authority under the International Emergency Economic Powers Act (IEEPA) to impose reciprocal tariffs. The Trump administration had gone beyond …