
No compromise on farmers, will buy Venezuelan oil: Govt sources on US trade pact
India Today
After a phone call with Prime Minister Narendra Modi on Monday, President Donald Trump announced that India and the US agreed to a trade deal under which Washington will cut reciprocal tariffs on Indian goods to 18 per cent from the current 25 per cent.
Government sources have said that farmers’ interests remain protected under the landmark India–US trade agreement, even as strategic energy purchases, including crude oil from Venezuela, could feature under the new pact.
The sources reiterated that sensitive sectors such as agriculture and dairy will continue to be safeguarded, and there has been no compromise on key protections as part of the negotiations.
They said India will maintain protections for these segments even as it pursues expanded market access under the pact.
Under the agreement with the US, reciprocal tariffs on Indian goods will be reduced, with the US cutting tariffs from 25 per cent to 18 per cent boosting prospects for Indian exports.
On energy supplies, the sources clarified that India’s crude purchases will be conducted globally from countries not under international sanctions, based on prevailing market rates.
"We did not buy from Venezuela when sanctions were in place. Now that sanctions are lifted, we will buy," they said.













