Indian Prime Minister Narendra Modi said India will “never compromise” on the interests of its farmers, fishermen and dairy producers even if it means paying “a heavy price,” marking his first public reaction to a steep escalation in U.S. trade penalties. U.S. President Donald Trump on Thursday added a 25-percentage-point duty on Indian exports, lifting the overall levy to 50%, one of the highest imposed on any American trading partner. The White House order, set to take effect on Aug. 28, cites New Delhi’s continued purchases of Russian oil as the trigger. Bilateral trade negotiations collapsed last month after five rounds of talks stalled over U.S. demands for wider access to India’s agriculture and dairy markets. Speaking at the MS Swaminathan Centenary International Conference in New Delhi, Modi stressed that “farmers’ welfare is supreme,” underscoring his readiness to bear personal and political costs to shield the sector. A senior official at India’s foreign ministry called Washington’s move “extremely unfortunate” and said the tariff increase “lacks logic.” The tariff dispute risks deepening strains between the two countries and could prompt New Delhi to explore closer economic cooperation with other partners. Brazilian President Luiz Inácio Lula da Silva said he will raise the issue with fellow BRICS leaders, while Indian officials indicated they would pursue all steps necessary to protect national interests.
Prime Minister Narendra Modi pledges to safeguard the interests of farmers, a day after President Donald Trump doubled tariffs on Indian goods, with pressure mounting on New Delhi to open up its markets to US exports. https://t.co/du63Ty40HO
Indian Prime Minister Narendra Modi said he will not compromise the interests of the country's farmers even if he has to pay a heavy price for it, in his first comments after US President Donald Trump's salvo of a 50% tariff on Indian goods https://t.co/bxEvEDPGJv
Ready to pay a heavy price for our farmers and fishermen, says PM Modi in response to Trump doubling India's tariff to 50% over Russian oil imports. The PM further added that India's agri-sector will not be compromised. #PMModi #DonaldTrump #TrumpTariffs #IndiaUSTrade | https://t.co/a1B5UHX9Ya