The Union Cabinet is set to receive a briefing on ongoing trade negotiations with the United States. The US is pushing for reductions in India’s agricultural tariffs, citing India’s 39% average tariff compared to the US’s 5%. India is resisting opening its agriculture and dairy sectors to cheaper imports, while demanding reciprocal concessions from the US on food items, butter, and bovine meat. The negotiations aim to conclude a bilateral trade agreement by fall this year.
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