Union Commerce and Industry Minister Piyush Goyal on Tuesday, 3 February 2026, launched a scathing attack on Opposition parties, especially Congress leader Rahul Gandhi, over the criticism of the India-US trade deal and said that the deal is in the final stages of detailing between the negotiating teams.
Goyal made the remarks while addressing the media hours after the ruckus in the Union Parliament.
US President Donald Trump on Monday night announced the deal after speaking with Prime Minister Narendra Modi and set the reciprocal tariffs to 18%.
“Indians are celebrating a trade deal which is in the final stages of detailing between the negotiating teams of both countries. We will shortly be issuing a joint statement by both countries, along with the details which we will be shortly inking between the United States of America and India. And as soon as the final understanding of the deal is inked, and the joint statement is finalised,” said Commerce Minister Goyal.
He added that once the technical processes are complete, the full details of the trade deal will be shared.
The minister also said that India has got better trade deals than competitors, adding, “India’s sensitive sectors, particularly agriculture and dairy, have been fully safeguarded. PM Modi has taken care of the interests of animal husbandry, agriculture and dairy sectors,” he said.
Which sectors will benefit?
During the media address, Goyal said that through this upcoming deal, which is in the final stages of detailing, several sectors are set to gain numerous opportunities as exporters sell their commodities to the US market.
- Leather and footwear
- Marine goods
- Plastics
- Apparel
- Home decor
- Organic chemicals
Dismissing all concerns of the industry, Goyal described the trade deal as better than US agreements with India’s competitors and said this deal with the United States will make every citizen proud. He added that the central government has protected the interests of the people and sensitive sectors like agriculture and dairy.
“I believe this trade is a milestone for India's future,” said Goyal during the press address.
