Dr. Jeongbin Im
Professor
Department of Agricultural Economics and Rural Development
College of Agricultural and Life Science
Seoul National University
Seoul, Korea
E-mail: jeongbin@snu.ac.kr
The Ministry of Agriculture, Food and Rural Affairs (MAFRA) announced that...
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After US President Donald Trump on Monday slashed tariffs on India from 50 per cent to 18 per cent under the India-US trade deal, the American Agriculture Secretary, Brooke Rollins said that the trade deal will improve access to American farm products to “India’s massive market”. This comes amid farmers’ concerns over a surge in imports of US farm products as Washington is considered to be among the world’s largest agricultural subsidisers.
While it remains unclear which agricultural product categories have been opened under the trade deal, the US trade deals under the Trump administration have had an aggressive emphasis on agriculture. The US not only sought market access for agriculture in all of the trade deals struck under Trump’s second term, but also renegotiated deals to include farm products during the last 12 months alone.
Read more here.