Is PM Modi Prepared to Pay a 'Heavy Price' for Farmers and Fishermen's Welfare?
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Synopsis
In a bold statement, Prime Minister Modi vows to protect India's farmers and fishermen against US tariffs. As trade tensions escalate, his commitment to agricultural welfare remains unwavering. Discover the implications of these tariffs and Modi's readiness to face the financial impact in this pivotal moment for India's agricultural sector.
Key Takeaways
- PM Modi prioritizes farmer welfare amidst US tariffs.
- India firmly opposes the unfair tariff actions.
- Trade tensions escalate due to geopolitical factors.
- India's commitment to agricultural interests is unwavering.
- The government vows to protect national interests.
New Delhi, Aug 7 (NationPress) Prime Minister Narendra Modi expressed his commitment to safeguarding India’s agricultural sector, emphasizing that the nation will never waver in supporting the interests of farmers and fishermen, even as US President Donald Trump declared a staggering 50 percent tariff on Indian goods.
During the MS Swaminathan Centenary International Conference, PM Modi stated, "The welfare of farmers is our utmost priority."
He reiterated, “India will steadfastly protect the interests of farmers, fishermen, and dairy producers.”
Furthermore, PM Modi acknowledged, “I am aware we may face significant costs for this commitment, but I am prepared. India is ready.”
These statements were made in light of the escalating trade tensions, sparked by Trump's imposition of a 25 percent import duty on Indian products, starting August 7. He cited India's procurement of crude oil and military equipment from Russia as justification for an additional 25 percent tariff set to take effect on August 27.
The Indian government has strongly condemned Trump's recent tariff moves as "unfair, unjustified, and unreasonable."
In an official statement, an MEA spokesperson remarked, "We will take all necessary actions to defend our national interests."
Recent actions by the United States have specifically targeted India's oil imports from Russia. The MEA spokesperson clarified, "Our imports are dictated by market dynamics and the overarching goal of ensuring energy security for 1.4 billion Indians."
It is highly regrettable, the official said, that the US has chosen to levy additional tariffs on India for actions that numerous other nations also undertake in their own national interest.
The new tariffs will apply to all qualifying Indian products entering the US 21 days post-signing, excluding shipments already in transit before the deadline and cleared before September 17.
Point of View
It's crucial to highlight that the Indian government's steadfast support for farmers and fishermen during these challenging times showcases its commitment to national interests. With rising global tensions, the approach taken by PM Modi emphasizes resilience and determination to protect key sectors of the economy.
NationPress
19/08/2025
Frequently Asked Questions
What are the recent tariff changes imposed by the US?
The US has announced a 50 percent tariff on Indian goods, alongside a 25 percent import duty effective from August 7, with an additional 25 percent tariff on certain products starting August 27.
How is India responding to the US tariffs?
India's government has condemned these tariffs as unfair and unjustified, asserting that it will take all necessary actions to protect its national interests.
What sectors are affected by these tariffs?
The tariffs impact various sectors, notably agriculture, fishing, and dairy, affecting farmers and fishermen across India.
What does PM Modi say about India's agricultural priorities?
PM Modi emphasizes that the welfare of farmers and fishermen is the top priority and that India will not compromise on their interests.
What are the implications for India's energy security?
The MEA has stated that India's crude oil imports aim to ensure energy security for its population, underscoring the importance of market-driven decisions.
