White House Alters India-US Trade Deal Terms: Pulses Removed, $50B Purchase Downgraded

India
M
Moneycontrol•11-02-2026, 13:05
White House Alters India-US Trade Deal Terms: Pulses Removed, $50B Purchase Downgraded
- •The White House has revised its fact sheet on the India-US trade deal, removing 'pulses' from the list of products with tariff reductions.
- •India's proposed $50 billion purchase of US goods has been changed from a 'commitment' to an 'intention'.
- •The original fact sheet mentioned tariff reductions on various agricultural products including 'some pulses', which is now omitted.
- •India's pulse import bill surged by 46% to $5.48 billion in FY2024-25, with the US accounting for only $89.7 million.
- •Lentils from the US face a 10% import duty, while pigeon pea, peas, and black gram remain duty-free until March 31, 2026.
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