Amid the serious strain that has seen India-US ties hit a downturn in the wake of the steep 50 per cent tariffs announced by Donald Trump, Union Minister Piyush Goyal on Thursday expressed optimism about the bilateral relations between the two countries and said that he was hopeful that they would weather the ongoing storm like they did in the past despite certain “blips”.advertisementAs part of Trump’s broader actions against several countries, the US government recently imposed 25 per cent tariffs on India, citing the trade deficit, and an additional 25 per cent for India’s refusal to comply with US pressure to end its oil trade links with Russia. The total levy now stands at 50 per cent.”There will be occasions when there may be certain blips in the relationship, but I think it’s a very very consequential, very strong relationship. It can weather many storms and will continue to be a very strategic friendship, a very important relationship and will continue to grow together. We will continue to have a lot of business to do together,” the Union Minister for Commerce and Industry said during an exclusive conversation with India Today TV.The Trump administration has, of late, been belligerent about its actions with respect to the tariffs and warnings of secondary sanctions on India. This has affected India-US relations, which looked stronger than ever, but have seen a slump in recent months.While India refused to bow down to US pressure by refusing to cut down on “affordable” Russian oil purchases in the larger interest of its people and open its dairy and agricultural sectors to US players, Washington has gone to the extent of accusing New Delhi of “profiteering” through Russian energy and indirectly funding the Ukraine war.”The US and India have been friends and allies for decades and decades so far, but it has had its moments. For example, when we did the nuclear tests (Pokran-II) in 1998, the United States had put sanctions on India. But we were able to weather that storm,” Goyal added.While the India-US talks to reach a Bilateral Trade Agreement (BTA) soon continue behind the scenes, the minister said that New Delhi is also discussing trade with so many other countries across the world.”We have finalised free-trade agreements with Mauritius, the UAE, Australia, European Free Trade Association (EFTA) members – Iceland, Liechtenstein, Norway, and Switzerland. We have been in negotiations with the 27-nation European Union, the UK,” the minister informed.advertisementHe also said that there were several officials representing many other countries on their way to India for trade talks and some Indian officials are also scheduled to travel the world for the same purpose.”There is so much happening and each relationship has its own strengths”.WHERE DO BTA TALKS STAND?On Tuesday, Piyush Goyal said that he hoped that India would conclude the bilateral trade agreement (BTA) with the US by November this year.His remarks came after Trump lashed in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. 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Piyush Goyal stated that the relationship between India and the US will endure challenges despite occasional setbacks, particularly in light of the ongoing tariff disputes.
