In a resolute address, Indian Prime Minister Narendra Modi emphasized India's unwavering commitment to safeguarding the interests of its farmers, fishermen, and livestock holders, despite escalating trade tensions with the United States. Modi's remarks came in response to U.S. President Donald Trump's recent imposition of a 50% tariff on most Indian exports, a move that has significantly impacted sectors such as textiles, gems and jewelry, and the shrimp industry.
Addressing the nation, 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 have been a point of contention between the two nations, were introduced as a punitive measure in response to India's continued import of Russian oil. The additional 25% tariff, described by the U.S. as a "penalty," has further strained bilateral relations.
In light of these developments, Modi has called for a renewed focus on self-reliance, urging citizens to support domestic industries and reduce dependence on foreign goods. He emphasized the need for India to become self-sufficient to safeguard its economic interests and reduce vulnerability to external pressures.
Despite the challenges posed by the tariffs, Modi remains optimistic about the future of India's economy. He highlighted the nation's potential to become the world's third-largest economy and stressed the importance of vigilance in protecting its economic interests. The government's commitment to the welfare of farmers, small industries, and youth continues to be a central focus amid these trade tensions.
As the situation evolves, India continues to engage in diplomatic efforts to address the trade disputes, aiming to find a resolution that balances domestic priorities with international relations. The government's stance reflects a broader strategy to navigate global trade dynamics while ensuring the protection and growth of its domestic sectors.
