US EditionIndian Farmers Plan Nationwide Protests Over US Trade Deal Concerns
Farmers and trade unions protest an interim India-US trade deal fearing tariff cuts on some U.S. agricultural imports could threaten millions of smallholder livelihoods, organizers said.
- On Wednesday, Commerce Secretary Rajesh Agrawal said negotiators could finalise and sign the trade deal's first tranche by the end of March, adding the joint statement must be converted into a legal agreement that can take time.
- Reciprocal tariff changes mean the pact will lower tariffs on Indian goods from 25% to 18%, following Washington's rollback of additional 25% tariffs imposed on August 27 last year.
- Suresh Nair said the interim deal should lower retail prices for premium nuts, fruits, and soybean oil by reducing tariffs on US industrial goods and American food and agricultural products.
- Sector-Specific concessions include a reciprocal tariff rate 18% on textiles and apparel, leather and footwear, certain machinery, and removal of tariffs on aircraft and aircraft parts.
- Longer-Term, analysts flag that Ajay Srivastava warned tariff cuts on some US farm imports may hurt Indian farmers, while eliminating tariffs on electronic components, smartphones, and solar panels could harm domestic manufacturing amid India’s $500 billion US energy purchases.
63 Articles
63 Articles
Associated Press News
Indian unions and farmers stage a nationwide strike over interim trade deal with US
A broad coalition of unions and farmers in India has held a one-day national strike against an interim trade deal with the United States.
How a US Trade Deal Could Reshape the Lives of India’s Farmers
The United States and India have announced a temporary agreement for a trade deal aimed at reducing tariffs, improving energy relationships, and enhancing economic cooperation as both countries look to adjust global supply chains. India resisted U. S. proposals to open its agricultural market widely but agreed to lower trade barriers on some farm products, […] The post How a US Trade Deal Could Reshape the Lives of India’s Farmers appeared first…
The Straits Times
Explainer-India-US trade pact and its impact on millions of Indian farmers
NEW DELHI, Feb 9 - The United States and India have released an interim framework for a trade deal, paving the way for an agreement that would lower tariffs, reconfigure energy ties and deepen economic cooperation as both seek to realign global supply chains. Read more at straitstimes.com.
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