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 duties to 50%. The U.S. administration cited India's continued purchase of Russian oil as the 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," Modi stated.
In response to the U.S. tariffs, India's Ministry of External Affairs criticized the new trade penalties, calling 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.
Looking ahead, both nations have expressed a willingness to engage in dialogue to resolve the trade disputes. U.S. President Trump has indicated ongoing negotiations with India, expressing optimism about reaching a favorable trade deal for both countries. Similarly, Prime Minister Modi has announced his intention to speak with President Trump regarding the ongoing trade negotiations, emphasizing the potential of a successful trade deal to enhance the India-U.S. partnership.
As the situation develops, the global community watches closely, recognizing the significant implications of the India-U.S. trade relationship on international markets and diplomatic dynamics.
