India-US Trade Deal: Modi Govt Prioritizes National Interest, Farmers' Livelihoods
India
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News18•03-02-2026, 23:52
India-US Trade Deal: Modi Govt Prioritizes National Interest, Farmers' Livelihoods
- •Union Minister Piyush Goyal stated that PM Modi never compromised on the interests of farmers and the agriculture/dairy sector during India-US trade deal negotiations.
- •Goyal emphasized that the agreement will create new economic opportunities while protecting the livelihoods of farmers, fishermen, and rural communities.
- •US President Donald Trump announced a trade deal where the US will reduce tariffs on Indian goods from 25% to 18% immediately.
- •In return, India has agreed to cut tariffs and non-tariff barriers on US products to zero.
- •Trump also claimed India would stop buying Russian oil and increase energy purchases from the US, a claim not explicitly confirmed by India in this article.
Why It Matters: India-US trade deal finalized with tariff reductions, prioritizing India's national and agricultural interests.
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