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.
In a strongly worded rebuttal at the 60th Session of the UN Human Rights Council (UNHRC), Indian diplomat Kshitij Tyagi condemned Switzerland’s comments on India’s treatment of minorities, calling them “surprising, shallow, and ill-informed.”
The global rating agency said domestic demand will be the key driver of growth, as strong real income dynamics support consumer spending and looser financial conditions should feed through to investment.
Amid rising concerns over the steep 50% tariff imposed by the United States on Indian goods, Union Commerce and Industry Minister Piyush Goyal urged calm on Thursday, expressing confidence that ongoing negotiations with Washington will help resolve the issues and lead to a fair, balanced agreement.
The sector is also burdened by varying GST rates on different products such as carpets and bamboo items. Industry stakeholders are demanding a uniform GST rate across all handicraft products to remain competitive, especially in the face of rising tariffs and stiff competition from China.
Amid escalating tariff tensions with the United States, Defence Minister Rajnath Singh on Saturday remarked that in international relations, “there are no permanent friends or permanent enemies, only permanent interests.”
