Defiant Modi ready to pay ‘heavy price’ after Trump doubles India tariff

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One day after US President Donald Trump imposed an additional 25 % additional tax on Indian goods, Prime Minister Narendra Modi has said he is ready to pay “heavy price” but will not compromise on the interests of the country’s farmers.

Trump on Thursday announced an additional 25 % tariff on the South Asian nation, which is exported to the United States due to total Indian goods being imposed.

Modi said in a function in New Delhi, “For us, our farmers’ welfare is the highest,” he added: “India will never compromise on the welfare of its farmers, milk sectors and fishermen. And I personally know that I have to pay a heavy price for it.”

Trade talks between India and the United States collapsed after five rounds of negotiations over the opening of India’s wide form and milk sectors and preventing Russian oil purchases.

Modi did not directly cite US taxes or trade talks.

Trump has said that since August 28, the new tariff was to punish India for the purchase of Russian oil. The Indian Foreign Ministry has said that the decision was “very unfortunate”, and that “India will take all necessary steps to protect its national interests.”

The United States has not yet announced any taxes for China, which is the largest Russian oil buyer. Experts have said that China has been rescued as long as it has bargaining with the United States on extraordinary ground minerals and other such goods reserves, which is lacking in India.

“Logic is lacking in increasing US tariffs,” said Damo Ravi, Secretary of Economic Relations in the Indian Foreign Ministry.

“So this is a temporary obstacle, a temporary problem that the country will face, but over time, we are sure we will find solutions to the world.”

India has begun to indicate that it will also have to consider other partnerships in the coming months compared to Trump’s prices, which has led to the worst diplomatic demonstration between the two countries in the years.

Indian Prime Minister Narendra Modi is preparing for the first visit to China in seven years, and is proposing a potential restoration in alliances as a relationship with the Washington field.

Brazilian President Louise Lola Da Silva said Wednesday that he would begin a conversation about ways to deal with Trump’s prices between the BRICS group of developing countries.

He said he intended to call Modi on Thursday, and China’s Xi Jinping and other leaders. The BRICS group also includes Russia and South Africa.

“We will look for cooperation and economic engagement that will be mutual beneficial from all sides,” Ravi said.

‘Trump Levy severe blow’

Indian exporters have warned that President Donald Trump has taken the risk of making US additional prices “not viable” after President Donald Trump ordered Steper Levies on Indian goods on Russian oil purchases.

Stocks opened slightly on Thursday, after the first 25 % of the US tariff implementation, the benchmark Nifty Index fell 0.31 percent.

But it will be doubled in three weeks, when Trump on Wednesday signed an order to impose an additional 25 % extra for the continued purchase of Russian oil New Delhi for the Moscow war in Ukraine.

India is the second largest buyer of Russian oil, which has saved billions of dollars on discounted feasting.

The Indian Foreign Ministry has condemned Trump’s announcement of further prices, calling the move “unfair, irrational and irrational”.

SC Ralhan, president of the Federation of Indian Export Organizations (FIEO), said he was afraid of disturbing effects.

“The move is a severe blow to Indian exports, which directly affects our shipment directly in the US market,” he said in a statement.

“50 % of mutual rates have imposed the cost burden, which keeps our exporters in a 30-35 % competitive loss, while compared to all countries with low mutual rates.”

“Many export orders have already been stopped,” Ralhan said, as buyers re -evaluate the source decisions.

For the “a number” of small to medium -sized businesses, the profit “margins are already thin,” he said.

“It is not just viable to absorb this sudden cost increase,” he added.

The world’s fifth largest economy-and the most populous nation-is ready for a huge ride, as the United States is its largest trading partner, with a $ 87.4 billion New Delhi shipping equipment in 2024.