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HinduBusinessLine

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Trump tariff: India’s agri-sector may not have much impact

  • The US has imposed higher import tariffs on Indian agri products, with a baseline tariff of 10% and a country-specific tariff of 27%.
  • Exporters of non-ethnic agri products are more concerned about the increased tariffs compared to exporters of specialized products like basmati rice.
  • Basmati rice, which is grown only in India and Pakistan, may not face competition in the US as Pakistan has a higher tariff of 30%.
  • India hopes to sign a Bilateral Trade Agreement (BTA) with the US in the next six months to mitigate the impact of the tariffs on its agri sector.

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