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US-India Trade Deal: Pulses Duty Cuts Spark Farmer Backlash

Bloomberg Markets •
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The White House has revealed that India has agreed to phase out tariffs on agricultural products including 'certain pulses' and 'additional' farm goods as part of a new trade agreement. The concessions were detailed in a fact sheet released by the administration, marking a significant shift in India's agricultural trade policy.

This move comes as part of broader trade negotiations between the two nations, though the lack of transparency in the agreement has drawn sharp criticism from opposition groups in India. Critics argue that the tariff reductions could negatively impact domestic farmers, who have long relied on protective duties to shield them from international competition in sensitive agricultural sectors.

The agreement represents a major concession from India on agricultural trade, a politically sensitive area where the country has traditionally maintained high tariffs to protect its farming sector. The phased removal of duties on pulses and other farm products signals India's willingness to open its agricultural markets as part of broader trade negotiations with the United States.