Indian Prime Minister Narendra Modi said on Thursday affirmed his unwavering commitment to India’s agricultural community, vowing to protect farmers, dairy producers, and fishermen even in the face of sweeping 50% U.S. tariffs.
"For us, our farmers' welfare is supreme," Modi said at an event in New Delhi.
"India will never compromise on the wellbeing of its farmers, dairy (sector) and fishermen. And I know personally I will have to pay a heavy price for it," he said.
The comments follow President Donald Trump announced a new 25% tariff on Indian goods on Wednesday, bringing the total duty to 50%- one of the highest imposed on a U.S. trade partner. The tariff, set to take effect on 28 August, is intended to penalise India for continuing its imports of Russian oil.
Although Indian Prime Minister Narendra Modi did not directly address the U.S. or the stalled trade talks, his remarks strongly defended India’s stance.
Negotiations between India and the U.S. collapsed after five rounds due to disagreements over opening India’s agricultural and dairy markets and halting Russian oil imports.
India’s foreign ministry has criticized the U.S. move as 'extremely unfortunate' and stated it will “take all necessary steps to safeguard national interests.”
Analysts note that India’s limited leverage, compared to China’s advantage in rare earth resources, may complicate a U.S. tariff response.
On the domestic front, India’s equity markets dipped modestly, with the benchmark Nifty 50 index falling between 0.5% and 0.6% amid investor concern over export vulnerabilities.
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At least 14 people have died and hundreds of homes damaged after heavy rains and floods struck northern and southeastern Sudan, local authorities reported Wednesday.
U.S. President Donald Trump ordered flags lowered to half-staff following a shooting at the Annunciation Catholic School in Minneapolis, Minnesota, that killed two children and injured 17 others.
Europe and U.S. are working together to strengthen defence production in response to growing global military threats, NATO Chief Mark Rutte said Wednesday.
President Recep Tayyip Erdoğan on Wednesday formally inaugurated Türkiye’s new integrated air defense system, the “Steel Dome,” calling it a milestone for the country’s defense industry.
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According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
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Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
At least 14 people have died and hundreds of homes damaged after heavy rains and floods struck northern and southeastern Sudan, local authorities reported Wednesday.
U.S. President Donald Trump ordered flags lowered to half-staff following a shooting at the Annunciation Catholic School in Minneapolis, Minnesota, that killed two children and injured 17 others.
Europe and U.S. are working together to strengthen defence production in response to growing global military threats, NATO Chief Mark Rutte said Wednesday.
President Recep Tayyip Erdoğan on Wednesday formally inaugurated Türkiye’s new integrated air defense system, the “Steel Dome,” calling it a milestone for the country’s defense industry.
Business leaders in France have expressed concern over the economic impact of the ongoing crisis in government triggering fears of a recession.
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