[OPINION] East is East: America's Fearsome Farm Lobby Has Nothing on India's
President Trump's decision to impose a 50% tariff on Indian goods -- among the highest for any country -- has set back U.S.-India relations and raised questions about New Delhi's economic trajectory. It also underscores a central fact about the world's fifth-largest economy: India's large population of poor farmers hinders its capacity to reach mutually beneficial trade deals.
Agriculture, including dairy, is a major sticking point in U.S.-India trade negotiations. India has an average tariff of 39% on imported farm goods -- among the highest in the world. It protects its large but inefficient dairy industry with both high tariffs and nontariff barriers...
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