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 ensure that America remains with India in 2024. $1.3 billion This will prove to be a milestone in reducing the agricultural trade deficit of India.
Brooke Rollins’ big statement: “Victory for rural America”
US Agriculture Secretary Brooke Rollins thanked President Donald Trump on social media (X), saying that this agreement is a gift to American farmers.
Huge Market: India’s growing population makes it the world’s most important emerging market for American agricultural products.
Price surge: Rollins believes that exports to India will increase the prices of agricultural products in America, which will increase the income of the farmers there.
America First: He called it another major achievement of the Trump administration’s ‘America First’ policy.
What will be the impact on India’s agriculture sector?
Under the agreement, India removed tariff and non-tariff barriers on American agricultural products. ‘Zero’ Has promised to take it till. Its major effects 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.
Increase in Competition: Due to reduction in 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 exotic fruits, wines and processed foods for the general public.
Key points of the deal: Agriculture and energy
According to President Trump, Prime Minister Modi met America $500 billion Has promised to purchase products worth more than Rs. 100 crore, of which agricultural products form a major part.
| Area | main provision of the agreement |
|---|---|
| tariff reduction | America reduced tariff on India from 25% 18% Did. |
| Indian commitment | India Tariff and Non-Tariff Barriers zero Will move towards doing. |
| purchase target | Purchasing $500 billion worth of US energy, agriculture and coal. |
| Russian oil | Trump’s claim that India will stop buying oil from Russia (unconfirmed). |
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