In a resolute response to the United States' recent imposition of steep tariffs on Indian goods, Prime Minister Narendra Modi emphasized India's unwavering commitment to safeguarding the interests of its farmers, fishermen, and livestock holders. Addressing the MS Swaminathan Centenary International Conference in New Delhi, Modi stated, "The interest of farmers is our top priority. India will never compromise with the interests of farmers, fishermen, and dairy farmers."

Modi acknowledged the potential personal and diplomatic costs of this stance but reaffirmed his dedication to protecting India's agricultural backbone. He remarked, "I know that I will have to pay a huge price for this personally, but I am ready. India is ready, for the sake of the country's farmers, fishermen, and livestock holders."

The Prime Minister's comments come in the wake of U.S. President Donald Trump's decision to impose an additional 25% tariff on Indian imports, effectively doubling the duties to 50%. This move was described by the U.S. as a "penalty" for India's continued purchase of Russian oil amidst the ongoing Ukraine conflict.

In response to these tariffs, India has initiated consultations with exporters, industry bodies, and relevant stakeholders to assess the potential impact and formulate an effective response strategy. The objective is to safeguard the interests of a broad spectrum of the Indian economy, including farmers, laborers, entrepreneurs, industrialists, exporters, and small and medium enterprises.

Furthermore, India is preparing a relief package to support exporters affected by the U.S. tariffs. The increased duties have particularly impacted sectors such as textiles, jewelry, footwear, chemicals, and seafood, industries that are vulnerable due to their low-profit margins. The government is considering measures like credit guarantees for loans overdue by up to 90 days to assist small businesses and exporters.

Despite the escalating trade tensions, both nations have expressed a desire to resolve the issues through dialogue. President Trump has indicated plans to speak with Prime Minister Modi in the coming weeks, expressing optimism about finalizing a trade deal. Modi echoed this sentiment, highlighting the strong U.S.-India partnership and the shared goal of concluding trade talks soon.

As the situation develops, India's steadfast commitment to its agricultural sector and its proactive measures to mitigate the impact of U.S. tariffs underscore the nation's determination to protect its economic interests amidst global trade challenges.

## India's Response to U.S. Tariffs and Trade Negotiations:
– [Indian PM Modi says he would speak to Trump; trade negotiations to conclude at the earliest], Published on Tuesday, September 09
– [US, India eye trade reset as Trump plans talks with Modi], Published on Wednesday, September 10
– [India plans relief package for exporters hit by US tariffs], Published on Friday, September 05