Prime Minister Narendra Modi has taken a defiant stance against new tariffs from the United States, vowing to protect Indian farmers from the fallout of an escalating global trade war. The move, triggered by India's continued purchase of Russian oil, has seen President Donald Trump impose a total of 50% in tariffs on Indian goods, a measure New Delhi has labeled "unfair, unjustified, and unreasonable."

Speaking at the M.S. Swaminathan Centenary International Conference, Modi stated he was prepared to "pay a huge price" personally to safeguard the interests of India's farmers, fishermen, and livestock rearers. The new tariffs threaten to severely impact roughly half of India's $87 billion in exports to the U.S., including key sectors like textiles, gems, and seafood, raising concerns of significant job losses.

India has criticized the U.S. for singling it out for its Russian oil imports while other nations engage in similar practices. Despite five failed rounds of trade talks, negotiations are scheduled to resume on August 25. However, India remains firm that its agricultural policies, particularly regarding dairy and genetically modified crops, are "off the table." The story is from Viory.