After U.S. President Trump announced a doubling of tariffs on Indian goods to 50%, Indian Prime Minister Modi publicly commented on the matter for the first time on the 7th, stating that even if a heavy price must be paid, India will never sacrifice the interests of its farmers.
The U.S. has imposed an additional 25% tariff on Indian goods, citing India’s purchase of oil from Russia, bringing the total tariff rate for Indian exports to the U.S. up to 50%.
However, for India, one major sticking point in bilateral trade negotiations is the U.S. demand to open India’s vast agriculture and dairy markets.
At an event in New Delhi, Modi stated: "For us, the well-being of farmers is paramount. India will never compromise on the welfare of its farmers, dairy sector, or fishermen. I am also fully aware that to uphold this stance, I personally will have to pay a heavy price."
India and Brazil Vow to Defend Multilateralism
Facing higher U.S. tariffs, Modi spoke with Brazilian President Lula on the 7th, and the two leaders vowed to "defend multilateralism."
The Brazilian presidential office stated that the two leaders emphasized the need to "defend multilateralism and address the economic challenges posed by (Trump’s tariff war)."
On social media platform X, Modi also stated that he is committed to deepening ties with fellow BRICS member Brazil, adding that "building a steadfast, people-centered partnership among Global South countries benefits everyone."
Both Brazil and India have been subjected to high U.S. tariffs by Trump. Currently, most Brazilian exports to the U.S. face tariff rates of up to 50%.