America’s agricultural trade deficit with India has correspondingly reduced from $3.5 billion to $3.1 billion. In 2024, the deficit was $3.8 billion (table 1) and not $1.3 billion, as mentioned by Secretary Rollins. Crude soyabean oil exports have, likewise, zoomed from virtually zero, following India reducing its effective import duty from 27.5% to 16.5% with effect from May 31, 2025. …and Indian exports are flaggingIndia’s farm exports to the US increased by 5.1% during January-November 2025. From the US side, exports of tree nuts, cotton and soyabean oil to India are already doing well.

Source: Indian Express February 03, 2026 15:08 UTC