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 cited India's continued import of Russian oil as a primary reason for these punitive measures.
Modi's remarks underscore India's determination to prioritize domestic welfare 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. The nation is prepared—for its farmers, fishers, and livestock herders," Modi stated.
In response to the escalating trade tensions, India's Ministry of External Affairs criticized the U.S. tariffs, 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.
Despite the tariffs, India remains steadfast in its trade relations. The government is preparing a relief package to support exporters affected by the U.S. tariffs, which have surged up to 50% on various Indian goods. Key sectors impacted include textiles, jewelry, footwear, chemicals, and seafood—industries particularly vulnerable due to their low-profit margins.
As the trade standoff continues, Prime Minister Modi's strong message serves as a clear signal of India's resolve to protect its national interests and the welfare of its citizens, irrespective of external pressures.
