PM Modi Strong Message After Trump imposes 50% Tariff:
‘Prepared to Pay Price, India will Never compromises’ Modi on trump tariff War: Prime Minister Narendra Modi reaction comes hours after US President Donald Trump has imposed an additional 25 per cent tariff on import from India. Prime minister Narendar Modi made a strong statement amid tariff on India by US president Donald Trump, saying ‘he is prepared to pay price and India will never compromise’. The prime minister, while addressing the MS Swaminathan Centenary International Conference, said, ’For us, the interest of our frames is our top priority. India will never compromise on the interest of farmers, fisherman and dairy farmers. I know we will have to pay a heavy price for it, and I am ready for it. India is ready for it.
Last week, the white house announced that India will face tariffs of 25 per cent after Trump issued an executive order listing the various duties that Washington will impose on exports from countries around the world. In the Executive Order titled ‘Further Modifying the Reciprocal Tariff Rates, ‘Trump had announced tariff rates for nearly 70 nations. The 25 per cent “Reciprocal Tariff, adjusted” imposed on India came into effect beginning Thursday.
In addition to the 25 per cent tariff announced last week, Trump on Wednesday imposed another 25 per cent levies on India for its purchases of Russian oil, bringing the total duties slapped on India to 50 per cent, among the highest imposed by the US on any country in the world. The additional 25 per cent duty will come inti effect after 21 days or august 27.
India exports a wide variety of agricultural products to the US and is one of the sectors set to bear the brunt of Trump’s tariffs. With the total tariffs on Indian exports to the Us rising to 50 per cent, the ministry of external affairs responded that the US targeting India over Russian oil imports is “unfair, unjustified, and unreasonable. The Ministry of External affairs responded by calling the tariff’’ unfair, unjustified, and unreasonable,’’ vowing to project national interests and stressing India’s sovereign right to meet its energy needs.
