Explained: This article explains the political background, key decisions, and possible outcomes related to Explained : Congress slams US-India trade deal; says ‘Namaste Trump’ scores over ‘Howdy Modi’ and Its Impact and why it matters right now.
The party alleged that India will stop importing oil from Russia and slash import duties to benefit American farmers at the cost of Indian farmers.
Congress communications in-charge Jairam Ramesh said the statement suggests India will no longer import Russian oil and that the US would monitor whether India complies. “If the US decides India has imported Russian oil directly or indirectly, the extra 25% tariff penalty is back.
This is truly extraordinary. And the Modi government has accepted it!!” he said.
On agriculture, Ramesh claimed India would cut import duties to help American farmers, adding that annual imports from the US would triple, eroding India’s goods trade surplus.
He further alleged that uncertainty would persist over India’s IT and services exports to the US, while merchandise exports could face higher duties.