New Delhi, March 21 -- As part of his 'America First' agenda, President Donald Trump has proposed imposing reciprocal tariffs to curb the growing US trade deficit. US-India goods trade stood at $124.2 billion in 2023, with the US recording a trade deficit of $45.6 billion (Bureau of Economic Analysis, 2025). Agriculture contributes significantly to this number, amounting to almost $3.5 billion in 2023 (DGFT, 2024).

India exports a variety of agricultural products to the US, including frozen shrimp, prawns, basmati and non-basmati rice, vegetable saps and extracts, natural honey and processed food items. Meanwhile, key US agricultural exports to India include almonds, cotton, denatured ethyl alcohol, crude soybean oil and pistachios (ITC ...