India to Resume US Trade Talks Once Situation Clarifies

Commerce Minister Piyush Goyal says India will restart negotiations as soon as there is more clarity on US tariffs.

Published on Feb. 25, 2026

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Commerce and Industry Minister Piyush Goyal stated that India will resume trade talks with the United States as soon as there is more clarity on the tariff situation. The proposed meeting of chief negotiators from both countries, scheduled for this week in Washington, has been rescheduled. Goyal also commented on the government's stance on easing investment curbs imposed through Press Note 3, which requires mandatory approval for investments from countries sharing land borders with India, including China.

Why it matters

The resumption of India-US trade talks is crucial for strengthening economic ties between the two countries. The investment curbs on neighboring countries like China have been a point of contention, and any easing of these restrictions could facilitate increased foreign investment and technology transfer.

The details

Goyal said that as soon as there is more clarity on the tariff situation in the US, India will resume trade talks with the United States. The proposed meeting of chief negotiators from both countries, scheduled for this week in Washington, has been rescheduled. Regarding the government's stance on easing investment curbs imposed through Press Note 3, Goyal stated that the ministry is in dialogue with the industry to understand the issues and explore ways to make it easier for them to engage with neighboring countries where relationships have improved.

  • The Indian team was scheduled to start the three-day meeting on February 23, 2026 in the US.
  • India and the US decided to reschedule the proposed meeting of their chief negotiators on February 22, 2026.

The players

Piyush Goyal

The Commerce and Industry Minister of India.

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What they’re saying

“As soon as there's more clarity in the situation,”

— Piyush Goyal, Commerce and Industry Minister (fortuneindia.com)

What’s next

The government has to consult with the domestic industry to determine the next steps regarding the easing of investment curbs imposed through Press Note 3. Goyal indicated that the approval process may be sped up and made easier for companies to engage with technology and expand their value chain.

The takeaway

The resumption of India-US trade talks and the potential easing of investment curbs on neighboring countries like China could pave the way for increased economic cooperation and technology transfer, benefiting both countries.