In a resolute address on August 7, 2025, Prime Minister Narendra Modi emphasized India's unwavering commitment to safeguarding the interests of its farmers, fishermen, and dairy farmers, despite escalating trade tensions with the United States. Modi's remarks came in response to President Donald Trump's recent imposition of a 50% tariff on Indian goods, a move that has intensified bilateral trade disputes.
Addressing the MS Swaminathan Centenary International Conference in New Delhi, Modi stated, "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, but I am ready for it." This statement underscores India's determination to prioritize domestic agricultural interests over external pressures.
The U.S. tariffs, which have been implemented in response to India's continued importation of Russian oil, have raised concerns about their potential impact on key Indian export sectors, including textiles, footwear, gems, and jewelry. The Indian government has expressed its dissatisfaction with these measures, labeling them as "unfair, unjustified, and unreasonable."
In light of these developments, Prime Minister Modi has called for a renewed focus on self-reliance, urging citizens to support domestic industries by purchasing Indian-made products. This initiative aims to bolster the domestic economy and reduce dependence on foreign markets amid the ongoing trade standoff.
Despite the heightened tensions, both nations have expressed a desire to continue dialogue. Modi's recent phone conversation with President Trump highlighted "good progress" in trade negotiations, indicating a mutual interest in resolving disputes through diplomatic channels.
As the situation evolves, India's steadfast commitment to protecting its agricultural sector remains a central theme in its trade policy, reflecting a broader strategy to balance international relations with domestic priorities.
