News India Live, Digital Desk: After the India-US trade agreement, US Agriculture Secretary Brooke Rollins expressed happiness and termed it as “pumping cash into rural America”. According to Rollins, this deal will prove to be a milestone in reducing America’s $1.3 billion agricultural trade deficit with India in 2024. Brooke Rollins’ big statement: “Victory for rural America”. US Agriculture Secretary Brooke Rollins thanked President Donald Trump on social media ( The most important is the emerging market. Price surge: Rollins believes that exports to India will increase the prices of agricultural products in America, which will increase the income of farmers there. America First: He called it another major achievement of the ‘America First’ policy of the Trump administration. What will be the impact on India’s agricultural sector? Under the agreement, India has promised to reduce tariff and non-tariff barriers on American agricultural products to ‘zero’. Have done. Its major impacts will be as follows: Entry of American products: India will now import large quantities of almonds, pistachios (tree nuts), cotton, soybean oil and dairy products from America. Increased competition: Due to reduced import duty on American products, they will become cheaper in the Indian market, due to which local farmers will face the challenge of tough competition. Benefits to consumers: There is a possibility of reduction in the prices of foreign fruits, wines and processed foods for the general public. Key points of the deal: Agriculture And EnergyAccording to President Trump, Prime Minister Modi has promised to purchase products worth more than $500 billion from the US, of which agricultural products form a large part. Sectors Key provisions of the agreement Tariff reduction US reduced tariffs on India from 25% to 18%. Indian Commitment India will move towards zero tariff and non-tariff barriers. Procurement target Purchase of US energy, agriculture and coal worth $500 billion. Russian OilTrump’s claim that India will stop buying oil from Russia (unconfirmed).
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