US-India Tariff Row: Prime Minister Narendra Modi is scheduled to chair a key high-level Cabinet meeting on Friday at around 1 pm to discuss the impact and further strategy over the 50 per cent tariff imposed by US President Donald Trump on Indian exports. US-India ties saw a new low after the Trump tariff, which escalated trade tensions between the two nations. The US decision to raise tariffs on Indian goods to a total of 50 per cent, prompted India to take retaliatory action. PM Modi and his Cabinet colleagues are expected to discuss India’s strategic response to the US action.
On Thursday, PM Modi, without naming US President Donald Trump, said India will never compromise on the interests of its farmers, fishermen and dairy sector. The prime minister asserted he was prepared to bear a significant personal cost if necessary.
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The Trump administration wants low tariffs on products like corn, soybeans, apples, almonds and ethanol, as well as increased access for US dairy products.
However, the Modi government made it clear that it would not compromise on the interest of farmers and milk traders.
“Hamare liye apne kisaanon ka hit sarvoch prathamikta hai. Bharat apne kisaanon, pashu-paalakon aur macchuaare bhai-bahanon ke hiton ke saath kabhi bhi samjhuata nahin karega. (For us, the interests of farmers are our top priority. India will never compromise on the interests of its farmers, dairy farmers and fishermen),” PM Modi said.
(With agencies inputs)