Tariff Reduction on Farm Products Is Risky, Should Be Debated Under Proposed India-US Trade Deal: GTRI

Global Trade Research Initiative (GTRI) is cautious about tariff reductions on farm products under the proposed India-US trade deal and emphasized that the potential impact of opening India's markets to subsidized American farm products needs careful consideration and thorough debate.

- TDG NETWORK

GTRI argued, once tariffs are cut in such agreements, it becomes nearly impossible to raise them again, even if prices crash, global trade is disrupted, or local farmers face sudden losses. It said this would expose India, especially as rich countries like the US and EU subsidize their agriculture heavily.