Hey fam! 🇮🇳 In his first response to the recent 50% US tariff on Indian goods, Prime Minister Narendra Modi made it clear: farmers’ welfare comes first, no matter the cost. 🚜✨
Speaking at a New Delhi event, Modi said, “For us, our farmers' welfare is supreme. 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.”
Here’s the tea on what happened: US President Donald Trump announced an extra 25% levy on top of existing duties—bringing the total to 50%—as a penalty for India’s continued oil purchases from Russia. In simple terms, a tariff is just a tax added to imports, which makes goods pricier in the US market.
Modi didn’t call out the US directly, but his firm words speak volumes. 🤝 Earlier trade talks fizzled out after five rounds, with both sides stuck on opening India’s massive farm and dairy markets and halting Russian oil buys. 🥛🛢️
India’s Foreign Ministry labelled the move “extremely unfortunate” and vowed to protect national interests. Officials say this is a “temporary hiccup”—a bump in the road rather than a full-blown crash—adding that solutions will come with time.
For young pros hustling in the startup scene or sipping chai over the latest crypto trends, this standoff is a reminder: global trade twists impact everything from your milk in the fridge to export jobs in Punjab. 💼☕
Whether you’re scrolling through reels or reading business briefs on your commute, keep an eye on this space. Farmer-first policies could reshape our supply chains, dairy prices and even how India negotiates on the world stage. 🌏
Stay tuned for updates—this story is far from over! ✌️
Reference(s):
Modi vows no compromise on farmers' interests after U.S. tariff hike
cgtn.com
