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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, April 01, 2025
The U.S. and India have announced officials will begin work on a trade deal that will reduce tariffs and other trade barriers for goods and services, as well as expand agricultural trade.
India marked Prime Minister Narendra Modi’s visit to the White House and Capitol Hill by agreeing to cut tariffs that it imposed on some U.S. farm goods five years ago in retaliation for U.S. tariffs on Indian steel and aluminum imports, the Office of the U.S. Trade Representative said Thursday.
If India can keep on track for using more and more ethanol in gasoline, the country could well blend its way into needing U.S. imports, opening up major new trading opportunities with the second-most populous nation in the world.
Some of the top U.S. ag leaders are quietly discussing potential ramifications if China ramps up its aggression toward Taiwan and Russia continues its invasion of Ukraine.
India’s subsidized wheat and rice stockpiling has made the country’s government a foe of U.S. wheat and rice farmers, but now the country’s prime minister is trying to use the farming crisis in Ukraine to justify its efforts to prop up domestic farmers by saying it could come to the rescue of grain-deprived countries.
President Donald Trump this week goes to India, where he is expected to press Prime Minister Narendra Modi on protectionist moves that apparently scuttled plans for a bilateral trade agreement.
