India-US Trade Deal to Boost American Farm Exports, Cut $1.3 Bn Agri Deficit: Trump Aide
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News18•03-02-2026, 12:52
India-US Trade Deal to Boost American Farm Exports, Cut $1.3 Bn Agri Deficit: Trump Aide
- •India and the US announced a trade deal, including the agricultural sector, a previous sticking point.
- •The deal is expected to increase American farm product exports to India, boosting rural American economy.
- •US Secretary of Agriculture Brooke Rollins stated the deal will help reduce America's $1.3 billion agricultural trade deficit with India.
- •President Trump and PM Modi confirmed the deal, which also lowers reciprocal tariffs from 25% to 18%.
- •Modi reportedly agreed to stop buying Russian oil and increase purchases from the US, including Venezuela, to help end the Ukraine war.
Why It Matters: A new India-US trade deal aims to significantly boost American farm exports and reduce the agricultural deficit.
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