In a resolute address, Indian Prime Minister Narendra Modi emphasized India's unwavering commitment to safeguarding the interests of its farmers, fishermen, and livestock herders, despite escalating trade tensions with the United States. Speaking at the MS Swaminathan Centenary International Conference in New Delhi, Modi declared, "For us, the interest of our farmers is our top priority. India will never compromise on the interests of farmers, fishermen, and dairy farmers. I know, we will have to pay a heavy price for it, and I am ready for it. India is ready for it."
This statement comes in the wake of U.S. President Donald Trump's decision to impose an additional 25% tariff on Indian goods, effectively doubling the total tariffs to 50%. The U.S. administration has justified these measures as a response to India's continued importation of Russian oil, which it views as undermining efforts to isolate Russia amid the ongoing conflict in Ukraine.
Modi's remarks underscore India's determination to prioritize domestic agricultural interests over external pressures. He acknowledged the potential personal and diplomatic costs of this stance but reaffirmed his commitment to protecting India's agricultural backbone. "I understand this position may come with significant consequences for me personally, but I am prepared for it," Modi stated.
In response to the U.S. tariffs, India's Ministry of External Affairs criticized the new trade penalties, labeling them "unjustified, unfair, and unreasonable." The ministry highlighted that India's energy imports, including those from Russia, are based on economic and strategic considerations aimed at ensuring affordable and reliable energy access for its 1.4 billion citizens.
The escalating trade tensions have prompted India to seek alternative partnerships and strengthen existing alliances. Prime Minister Modi's recent visits to Japan and China are seen as part of this strategy to diversify India's international relations and reduce dependency on the U.S. market.
As the situation develops, both nations continue to engage in diplomatic dialogues, with the global community closely monitoring the impact of these trade disputes on international relations and economic stability.
