U.S. and India Trade Deal Protects Agricultural Interests Amid Tariff Reductions
India has successfully safeguarded its agricultural and animal husbandry sectors in a new interim trade deal with the United States. The agreement, announced by Finance Minister Nirmala Sitharaman, includes a reduction of reciprocal tariffs on Indian goods to 18%, opening up significant market opportunities in sectors such as textiles, leather, and chemicals. The deal ensures the protection of sensitive agricultural products, including staples like maize, wheat, and rice, as well as dairy products. The United States and India have committed to providing each other with preferential market access and addressing non-tariff barriers that affect bilateral trade, particularly in U.S. food and agricultural products.