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 personally, I 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 took effect on August 27, 2025, were introduced as a punitive measure against India's continued import of Russian oil. This decision has significantly impacted key Indian export sectors, including textiles, footwear, gems, and jewelry. In response, the Indian Ministry of External Affairs criticized the U.S. action, labeling it "unfair, unjustified, and unreasonable," and reaffirmed India's commitment to its energy security and economic interests.
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 dependency on foreign imports, aligning with the government's "Atmanirbhar Bharat" campaign.
Despite the escalating trade tensions, Modi has expressed optimism about the future of India-U.S. relations. He highlighted the strong personal rapport between himself and President Trump, noting their recent phone conversation where they acknowledged "good progress" in ongoing trade negotiations. Both leaders have expressed a desire to continue close coordination to resolve trade disputes and strengthen bilateral ties.
As the situation develops, India remains steadfast in its commitment to protecting the interests of its agricultural sector and promoting economic self-reliance, while seeking constructive dialogue with the United States to address trade disagreements.
