All posts tagged: Narendra Modi Buy American commitment

Trump Slashes Tariffs to 18% as India Commits to 0 Billion Purchase

Trump Slashes Tariffs to 18% as India Commits to $500 Billion Purchase

After US President Donald Trump on Monday slashed tariffs on India from 50 per cent to 18 per cent under the India-US trade deal, the American Agriculture Secretary, Brooke Rollins said that the trade deal will improve access to American farm products to “India’s massive market”. This comes amid farmers’ concerns over a surge in imports of US farm products as Washington is considered to be among the world’s largest agricultural subsidisers. While it remains unclear which agricultural product categories have been opened under the trade deal, the US trade deals under the Trump administration have had an aggressive emphasis on agriculture. The US not only sought market access for agriculture in all of the trade deals struck under Trump’s second term, but also renegotiated deals to include farm products during the last 12 months alone. “The new US-India deal will export more American farm products to India’s massive market, lifting prices and pumping cash into rural America. In 2024, America’s agricultural trade deficit with India was $1.3 billion. India’s growing population is an important …