How will India-US trade deal impact agricultural sector? Explained
As per the US Secretary of Agriculture, Brooke Rollins, the US will export more of its American farm products to India's massive market under the India-US deal.
As per the US Secretary of Agriculture, Brooke Rollins, the US will export more of its American farm products to India's massive market under the India-US deal.
Sharp political criticism dominated a major Congressional hearing, with Democrats warning that President Donald Trump’s tariff regime and confrontational approach toward New Delhi could inflict long-term damage on one of America’s most vital alliances.
This comes amid the trade discussions between the two countries progressing slowly.
Singh met with US Secretary of War Pete Hegseth during the ongoing 12th ASEAN Defence Ministers’ Meeting - Plus (ADMM-Plus). Post the delegation-level talks, the two leaders had a one-to-one meeting on the sidelines of the summit.
Pushing the farfetched notion of replacing income-tax revenues with tariffs (custom duties), Donald Trump, during his 2024 Presidential campaign, advocated a massive increase in tariffs ~ 60 per cent tariff on China, 100 per cent on Mexico, and 20 per cent on all other countries.
US President Donald Trump has slapped an additional 10 per cent tariffs on Canada, blaming its northern neighbour of running a "fraudulent advertisement" on former President Ronald Reagan's speech on tariffs.
This standoff, rooted in complex issues of intellectual property disputes, trade imbalances, and geopolitical rivalry, has far-reaching implications not only for China and the US but also for global trade dynamics and third-party economies, notably India.
However, this comes with an exemption for pharmaceutical companies building a manufacturing plant in the US.
Nearly 2.5 lakh families of aqua farmers and 30 lakh people in allied sectors are in difficulty following the tariff war.
"India was their [Russia's] biggest customer, I put 50 per cent tariff on India buying oil from Russia. That is a big deal and causes rift with India. Remember this, this is Europe problem more than our problem," Trump said.
