Delhi has not offered duty concessions on sensitive agricultural and dairy products in recent free trade agreements with the European Union, the UK and Australia. Key export items include tea, coffee, rice, cereals, spices, cashew, oil meals, oil seeds, fruits and vegetables. As per the joint statement issued by India and the US, New Delhi will eliminate or reduce tariffs on several American food and agricultural products. If the US decides India has imported Russian oil directly or indirectly the extra 25% tariff penalty is back. We will eliminate or reduce import duties on farm products from the US, it's a clear benefit for US farmers, not Indian farmers.

Source: The Telegraph February 07, 2026 15:16 UTC