US-India Trade Deal Boosts US Farm Exports, Reduces Tariffs
Business
M
Moneycontrol•03-02-2026, 08:59
US-India Trade Deal Boosts US Farm Exports, Reduces Tariffs
- •US-India trade deal aims to increase American farm product exports to India, boosting rural American economy.
- •US Secretary of Agriculture Brook Rollins announced the deal, highlighting its potential to reduce America's agricultural trade deficit with India.
- •The agreement, confirmed by President Trump and PM Modi, reduces reciprocal tariffs on Indian goods from 25% to 18%.
- •PM Modi welcomed the tariff reduction, emphasizing the benefits of cooperation between the two large economies.
- •Trump stated India committed to buying over USD 500 billion worth of US energy, technology, agricultural products, and coal.
Why It Matters: A new US-India trade deal will increase US farm exports to India and reduce tariffs on Indian goods.
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