A significant update is emerging regarding the much-anticipated trade agreement between India and the United States. According to sources, a joint statement could be released at the start of next week by both nations.
Recently, US President Donald Trump announced a reduction of the 50% tariff imposed on India to 18%. This development is considered a major diplomatic triumph for India.
Following Trump's announcement, a delegation of senior US officials is set to visit India to finalize the shape of this deal. Notably, India has ensured the complete protection of its sensitive and safeguarded sectors such as agriculture, dairy, and fisheries.
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Sources add that these sectors will not see any major concessions to the US. Historically, India has maintained a record of not compromising its agriculture and dairy sectors in international agreements with Swеdеn, New Zealand, Australia, UK, or the EU.
Source: aajtak
In this new deal with America, India has retained the same 'red line'. Detailed information about the agreement will be made public following the joint statement.
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Trump's Announcement
When announcing the trade deal on Monday, Donald Trump claimed on Truth Social that India would cease importing oil from Russia in exchange for the 18% tariff rates. Additionally, India would allow US products to enter its markets duty-free and purchase approximately $500 billion worth of American goods.
