US-India Trade Deal: India Retains Agri Import Protections, Tariffs Cut on Industrial Goods
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News18•04-02-2026, 03:43
US-India Trade Deal: India Retains Agri Import Protections, Tariffs Cut on Industrial Goods
- •US Trade Representative Jamieson Greer confirmed India will maintain some agricultural import protections in the new trade deal.
- •The agreement will reduce India’s tariffs on American industrial goods to zero from 13.5 percent and eliminate duties on various products like tree nuts, wine, spirits, fruits, and vegetables.
- •Negotiations on farm products like rice, beef, soybeans, sugar, or dairy are not fully settled, as these were not mentioned by Greer.
- •The deal also lowers US tariffs on most Indian goods to 18 percent from 50 percent, addressing India's trade surplus with the US.
- •Commerce Minister Piyush Goyal emphasized that PM Modi ensured the protection of India’s agriculture and dairy sectors, opening opportunities for MSMEs and other key sectors.
Why It Matters: The US-India trade deal allows India to protect its agriculture while reducing tariffs on industrial goods.
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