India-US Trade Deal: Agricultural Import Protection for India, Tariffs Reduced
World
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Moneycontrol•04-02-2026, 08:17
India-US Trade Deal: Agricultural Import Protection for India, Tariffs Reduced
- •US Trade Representative Jamison Greer stated that the India-US trade deal allows New Delhi to maintain some agricultural import protections.
- •Greer confirmed India will reduce tariffs to zero on various US agricultural products (tree nuts, wines, spirits, fruits, vegetables), manufactured goods, chemicals, and medical devices.
- •The agreement will reduce India's tariff on American industrial goods from 13.5% to zero and US tariffs on most Indian goods from 50% to 18%.
- •Commerce Minister Piyush Goyal affirmed no compromise on India's agriculture and dairy sectors, calling it a good deal in final stages.
- •The deal is expected to open significant opportunities for India's poor, fishermen, farmers, and youth, with details to be released soon.
Why It Matters: India secures agricultural import protection while both nations reduce tariffs in a new trade deal.
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