Editorial With Sujit Nair | India-US Trade Deal: Did Modi Yield To Trump | Agriculture | America

Editorial With Sujit Nair | India-US Trade Deal: Did Modi Yield To Trump | Agriculture | America

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Episode
500 of 504
Længde
20M
Sprog
Engelsk
Format
Kategori
Økonomi & Business

US President Donald Trump announced the India–US trade deal on Truth Social, stating that Prime Minister Narendra Modi had agreed to stop buying Russian oil and instead purchase significantly more oil from the United States and, potentially, Venezuela. Announcing a reduction in tariffs on Indian goods, Trump said, “Made in India products will now have a reduced tariff of 18%,” and expressed his gratitude over what he called “this wonderful announcement.” In return, Trump said India would reduce its tariffs on American products to 0%. He added that India would “BUY AMERICAN” at a much higher level, including purchases worth over $500 billion in U.S. energy, technology, agricultural, coal, and several other products.

In this episode of Editorial, HW News’ Managing Editor Mr. Sujit Nair discusses the Indo–US trade deal and its possible consequences for India if the Modi government agrees to open the Indian market to American agricultural products. Mr. Nair opines that such a move would come at a heavy cost with Indian farmers likely to pay the price.

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