MUMBAI šC Indian farmers have expressed concern that New Delhi has made too many concessions to Washington after the two countries brokered a new trade deal that would lower tariffs.
Under the terms of the deal that was laid out in a joint statement from both countries released on Saturday, India will ¡°eliminate or reduce tariffs on all U.S. industrial goods¡± and other food and agricultural products.
Meanwhile, the U.S. will apply a reciprocal tariff rate of 18% on goods from India, including textiles and apparel, leather and footwear, plastic and rubber, organic chemicals, and certain machinery, the joint statement added.
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