 (6).png)
4 hours ago
2
ARTICLE AD BOX
India-US trade deal: The newly announced US-India trade deal promises to significantly benefit American agriculture by reducing tariffs and expanding market access. US Agriculture Secretary Brooke Rollins highlights the potential to boost American farm exports and invigorate rural America.
India-US Trade Deal: US Agriculture Secretary Brooke Rollins has thanked President Donald Trump for 'delivering' for American farmers through the just-announced India-US trade deal.
The deal will help export more American farm products to India's massive market, lift prices, and pump cash into rural America, Rollins said in a post on X.
Her remarks came after US President Donald Trump announced on Monday night (IST) that he had agreed to a trade deal with Prime Minister Narendra Modi, under which the US will lower tariffs on goods from India to 18% from 25%.
“In 2024, America’s agricultural trade deficit with India was $1.3 billion. India’s growing population is an important market for American agricultural products and today’s deal will go a long way to reducing this deficit,” Rollins said in the poxt on X.
‘America First victory on top of the dozens of deals for agriculture,’ she said.
Earlier, in a post on Truth Social, President Trump said India will reduce trade barriers to zero and will also stop buying Russian oil. An additional 25% tariff penalty imposed on Delhi for its refusal to stop buying oil from Russia will be dropped, the US President said.
This deal will go a long way to reducing America's agricultural trade deficit with India.
The announcement comes less than a week after India and the European Union sealed a landmark trade deal that capped nearly two decades of on-and-off talks.
PM Narendra Modi said on X that he is "delighted" that an agreement with the US has been reached.
English (US) ·