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.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases...
Eurasian leaders have gathered in Bishkek for a Shanghai Cooperation Organisation (SCO) summit focused on security, economic ties and regional...
Russia views NATO’s growing military activity in the Arctic as a direct threat to its national security, Foreign Minister Sergei Lavrov said....
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
Iranian Foreign Minister Abbas Araghchi accused U.S. government and Israel-aligned actors of manipulating energy markets to promote the war with Iran.
Russian strikes on the Kyiv region overnight killed 37 people, Ukrainian President Volodymyr Zelenskyy has said. Zelenskyy added that the Ukrainian capital was under "virtually nonstop attack" from drones.
Eurasian leaders have gathered in Bishkek for a Shanghai Cooperation Organisation (SCO) summit focused on security, economic ties and regional co-operation, as the bloc marks its 25th anniversary. China's Xi Jinping also hailed the “unprecedented” development in China-Kyrgyzstan relations.
At least 37 people were killed after a Russian drone strike hit an ammunition depot in the Kyiv region, triggering powerful secondary explosions President Volodymyr Zelenskyy said on Saturday, vowing to punish suspected negligence in the second such incident in two months.
Israeli Prime Minister Benjamin Netanyahu has condemned the actions of Israeli settlers in the West Bank village of Qusra, saying security operations should be handled only by state institutions, including the army and police.
Rescue teams in Nepal, supported by Chinese and Indian experts, worked through the night to reach hundreds of people believed to be trapped inside blocked hydropower project tunnels following last week’s catastrophic Himalayan flood.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 31st of August, covering the latest developments.
Around 20 people are reported missing after flooding struck parts of Grand Canyon National Park in the U.S. state of Arizona, prompting evacuations of people to safety and a large-scale response from park authorities.
Russia views NATO’s growing military activity in the Arctic as a direct threat to its national security, Foreign Minister Sergei Lavrov said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment