Your kitchen bill may be reduced if 'Trump Tariff' is implemented in India.

What connection can there be between America's 'Trump Tariff' and the kitchen of a common Indian? You may have never noticed this, but the 'tit for tat tariff' that Donald Trump is talking about imposing on India from April 2 can also reduce your kitchen bill. Let's understand the whole story...

President Donald Trump, while addressing the US Parliament recently, said that countries like India impose high tariffs, sometimes up to 100%, on American automotive and other products. Therefore, he will impose the same tariff on India as he imposes on America. This is being called 'Reciprocal Tariffs'. In such a situation, it is very important to know what India imports from America?

India's imports from the US

Many things are imported from America to India. If we look at the value, then in the financial year 2023-24, India imported goods worth $ 40.7 billion from America. About 5,749 types of things were imported from America to India. India mainly imports petroleum and natural gas, pearls and precious stones, nuclear reactors and boilers, electrical machinery and many agricultural products. The trick to reduce your kitchen bill is hidden in the import of this agricultural product.

America will become rich from almonds, pistachios and apples

The import of agricultural products from America to India has reached $ 1.6 billion in 2024. It mainly imports almonds ($ 868 million), pistachios ($ 121 million) and apples ($ 21 million). Apart from this, India also imports lentils from America on a large scale to meet its pulses requirement, although India does not charge very high tariff on the import of pulses.

America wants to increase the demand for its agricultural products in countries like India. The main reason for this is the huge subsidy it gives on agriculture in its country. In America, 82 percent subsidy is given on rice, 61 percent on canola, 66 percent on sugar, 74 percent on cotton and up to 215 percent on wool. It needs the Indian market for these goods.

Not only this, America has been pressuring India to open the market for dairy products for a long time. However, India talks about the diet of Jersey cows being non-vegetarian and the milk produced from them not being imported to India. Whereas India's Amul brand does milk business in America.

At present, by imposing tariff on American products, India on one hand makes those products expensive in India. On the other hand, it protects the livelihood of crores of people in the country. In such a situation, if India reduces tariff on American products under the pressure of 'tit for tat' tariff policy, then the Indian market will be flooded with cheap agricultural products of America due to its heavy subsidy. We have already seen its loss in the case of California almonds.

India's plan to avoid 'tit for tat tariff'

In India, brainstorming has begun on how to avoid the 'tit for tat tariff' policy implemented by Donald Trump from April 2. In this regard, on one hand, the government is making a list of products where tax on American products can be reduced. On the other hand, the other idea is to give 'Most Favoured Nation' status to America. This status can ensure trade between America and India at lower duties.