❓WHAT HAPPENED: U.S. President Donald Trump announced a 50 percent tariff on Indian goods, prompting Indian Prime Minister Narendra Modi to defend the nation’s farmers and industries.
👤WHO WAS INVOLVED: Indian Prime Minister Narendra Modi, U.S. President Donald Trump, India’s foreign ministry, and industry leaders.
📍WHEN & WHERE: The announcement was made on Wednesday, with Modi responding on Thursday during an event in New Delhi.
💬KEY QUOTE: “India will never compromise on the well-being of its farmers, dairy [sector], and fishermen. And I know personally I will have to pay a heavy price for it.” — Narendra Modi
🎯IMPACT: The tariffs have strained U.S.-India relations, triggered domestic pressure on Modi, and raised concerns among Indian industries and investors.
Indian Prime Minister Narendra Modi has vowed to protect the interests of the nation’s farmers, fishermen, and dairy sector amid a significant tariff hike announced by U.S. President Donald J. Trump. Speaking at an event in New Delhi on Thursday, Modi declared, “India will never compromise on the well-being of its farmers, dairy [sector], and fishermen. And I know personally I will have to pay a heavy price for it.”
Trump’s decision to impose a 50 percent tariff on Indian goods, effective August 28, is reportedly aimed at penalizing India for its continued purchase of Russian oil. The tariff increase follows the collapse of trade talks between the two nations after five rounds of negotiations failed to resolve disagreements over India’s farm and dairy sectors and its oil imports from Russia.
India’s foreign ministry has criticized the tariff hike as “extremely unfortunate” and pledged to take “all necessary steps to protect its national interests.” Dammu Ravi, secretary of economic relations in India’s foreign ministry, described the move as lacking logic, stating, “This is a temporary aberration, a temporary problem that the country will face, but in course of time, we are confident that the world will find solutions.”
The tariffs have sparked domestic calls for a strong response, with both Modi’s supporters and opposition leaders urging him to act decisively. Congress party president Mallikarjun Kharge emphasized, “India’s national interest is supreme. Any nation that arbitrarily penalizes India for its time-tested policy of strategic autonomy… does not understand the steel frame India is made of.”
Indian industry leaders have expressed alarm over the economic impact of the tariffs. Sudhir Sekhri, chairman of the Apparel Export Promotion Council, warned, “There is no way the industry can absorb such a steep hike.”
Join Pulse+ to comment below, and receive exclusive e-mail analyses.