Union Minister Piyush Goyal has stated that China's recent export restrictions on rare earth elements and magnets serve as a crucial "wake-up call" for India and the global community.

Union Minister of Commerce and Industry, Piyush Goyal, addressed Swiss industry leaders and innovators at the prestigious Swissmem Industry Day in Switzerland.

India and the US have made major progress toward an interim trade deal aiming to boost bilateral trade to $500 billion by 2030. Key talks included tariff reductions, market access, digital trade, and energy cooperation, with a preliminary agreement expected by June 2025.

Minister of Commerce & Industry of India, Piyush Goyal, and European Commissioner for Trade and Economic Security, Maroš Šefčovič, have engaged in a forward-looking and substantive dialogue to address global trade challenges.

IExternal Affairs Minister S. Jaishankar and Commerce Minister Piyush Goyal both reiterated that India will not be bullied into concessions on agreements that sacrifice its sovereignty or economic agenda, even as the U.S. granted a 90-day tariff reprieve.