India should avoid rushing for trade pact with US that compromises core sectors like agriculture

India should avoid rushing into a trade deal with the US that compromises core sectors like agriculture, experts on Sunday said, cautioning that Washington is not sparing even its key partners like the EU.

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NEW DELHI:

The US has shot off letters to 24 countries and the European Union (EU) imposing tariffs that are as high as 50 per cent on Brazil.

On its key trading partners like the EU and Mexico, 30 per cent duties have been proposed from August 1.

Economic think tank GTRI (Global Trade Research Initiative) said India must recognise that it is not alone in facing US pressure.

The US is currently negotiating with over 20 countries and seeking concessions from more than 90.