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US releases fact sheet on trade deal, mentions ‘certain pulses’ among agricultural products to see tariffs cut
India will reduce tariffs on US industrial and agricultural products including pulses amid a 46% rise in its pulses import bill to $5.48 billion, the White House said.
- On February 9, the White House released a fact sheet saying India will cut tariffs on US industrial goods and `certain pulses`, opening a market of more than 1.4 billion people.
- Following a February 2 call between President Donald Trump and Prime Minister Narendra Modi, they agreed to lower the US reciprocal tariff from 25% to 18% and remove the 25% punitive levy after India committed to stop purchasing Russian oil.
- Union Commerce Minister Piyush Goyal told reporters that his list was not final and said lentils would see tariff cuts, while Union Agriculture Minister Shivraj Singh Chouhan on February 8 excluded pulses from imports.
- The coexistence of Washington and New Delhi statements has deepened confusion about covered products, while Indian opposition parties and farm organisations allege the deal favors the US and call for protests.
- India's pulses import bill jumped 50% to $5.48 billion in 2024-25, with the US accounting for only $89.65 million, highlighting sector risks.
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'Certain pulses' to attract reduced tariffs under India-US deal: US fact sheet
Under the new agreement, India will eliminate or reduce tariffs on all U.S. industrial goods and a wide range of U.S. food and agricultural products, including dried distillers’ grains (DDGs), red sorghum, tree nuts, fresh and processed fruit, certain pulses, soybean oil, wine and spirits, and additional products.
·India
Read Full ArticleWhite House releases India–US trade deal factsheet after Trump's 'zero tariff' remark
In the coming weeks, both countries are expected to implement the framework and work towards finalising an interim agreement. Negotiations will continue on unresolved issues such as technical standards, services, and intellectual property, etc.
·India
Read Full ArticleCoverage Details
Total News Sources20
Leaning Left2Leaning Right5Center0Last UpdatedBias Distribution71% Right
Bias Distribution
- 71% of the sources lean Right
71% Right
L 29%
R 71%
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