Impact of current tariffs currently being discussed to be imposed by the US: with special emphasis on the Indian Agricultural sector and particular the edible oil sector

The current imposition of tariffs by the US government has led to major disruptions the world over. The prime reason being that US has an the excessive balance of deficit with a large number of countries across the world. Since the Russian-Ukraine conflict, it has with impunity wanted to impose high rates of tariffs on those economies that trade with Russia. India being one of them the US government has imposed penalty tariffs on Indian commodities.India cannot open its agricultural sector to US goods as this would lead to disastrous consequences with respect to the Indian marginal farmer whose main source of livelihood is the small land holding that he owns. The government through all its subsidy policies have protected the farmers from competitive pricing and dumping policies followed by developed economies.The only solution is productive dialogue and opening up sectors for the US economy that do not adversely impact the small farmer; this could be in the import of dry fruit, automotive sector, defense and nuclear energy.