Recently, I was invited to a panel discussion on the India-US Trade Deal, organised by Bharat Krishak Samaj. The session was opened by Ajay Vir Jakhar, who, referring to the pre-decided title of the program, jokingly asked, "What should we call this program now—India-US No Deal?" The hall erupted in laughter, instantly setting the tone for a candid and lively discussion. Mr. Jakhar, during the course of the discussion, invited me to share my views on the current status of the India-US FTA from the dairy sector’s perspective. I structured my deliberation around four to five key areas.