In a fresh twist to the US-India trade saga, New Delhi has pushed back hard against the Trump administration's decision to hike tariffs on Indian exports from 25% to a whopping 50%. With farmers front and centre, India's top brass isn't backing down. Here's the lowdown:
What Went Down 💥
- On August 7, the US rolled out a new wave of tariffs ranging from 10% to 50% across multiple partners. India was hit with the highest rate.
- These extra duties target a mix of goods—think spirits, vegetables, and more—after the US accused India of buying large volumes of Russian oil.
Farmers First 🌾
The Modi government quickly labelled the move as unfair, unjustified and unreasonable, stressing that protecting India's hundreds of millions of farmers, livestock rearers and fishermen is non-negotiable. PM Modi himself vowed to stand firm even if it comes at a personal cost.
What’s Next? 🔍
Opposition voices, led by MP Shashi Tharoor, are already calling for counter-tariffs, suggesting New Delhi hit back with a 50% levy on US goods. Talks on opening markets to US GM crops and dairy remain off the table for now, as India digs in its heels.
As US-India trade tension ramps up, keep an eye on what this could mean for your favourite imports and local prices. Stay tuned, and let us know how you think India should play its next move! 🙌
Reference(s):
cgtn.com
