'US Tariffs Will Hurt Andhra Aqua Farmers, We Will Help Them': Chandrababu Naidu
Andhra Pradesh is exploring options to ensure the fallout of the US imposing 25 per cent tariffs on India does not affect the state's aqua farmers, Chief Minister Chandrababu Naidu said on Saturday.
Addressing farmers for the first time since US President Donald Trump announced the tariff hike, Mr Naidu in his first comment on the US tariff hike said the state government is supporting aqua farmers by giving them electricity at 1.50 paise per unit.
"The increase in tariffs in America will burden the aqua farmers in the state," he said. "We have taken note of the matter and we will discuss it with farmers in a day or two. Then we will make an action plan."
The chief minister said fishermen were given Rs 10,000 earlier.
"But now we will give Rs 20,000 each. We have given financial aid to 1.30 lakh people under the Matsyakarula Sevalo," he added.
Prime Minister Narendra Modi has also said the welfare of farmers, small industries and young people remains the government's "top priority" as the country stays on track to become the world's third-largest economy.
At an event in Uttar Pradesh's Varanasi, his Lok Sabha constituency, the prime minister reaffirmed the resilience of the Indian economy amid turbulence triggered by the US tariff hike, saying India must remain vigilant about its economic interests and adopt "swadeshi (indigenous)" products.
"There is an atmosphere of global instability. All countries are focusing on their individual interests. India is going to become the third biggest economy in the world and this is why India will have to stay alert as far as its economic interests are concerned," PM Modi said.
Apart from the tariffs, Mr Trump announced a penalty on India for buying Russian oil.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
2 minutes ago
- The Hindu
How will Trump's tariffs impact India?
The story so far: On July 30, U.S. President Donald Trump announced 25% tariffs on imports from India 'plus a penalty'. While this puts to rest months of speculation over what the tariffs would be on Indian imports into the U.S., it opens up fresh uncertainties with respect to a potential bilateral trade agreement between India and the U.S. What did Mr. Trump announce? Taking to social media, Mr. Trump cited India's tariff and non-tariff measures on trade, and its dealing with Russia on energy and military equipment, as the main reasons behind imposing the 25% tariffs and the penalty. There is no clarity yet on what the penalty will look like, but Mr. Trump has in the past threatened a 10% additional tariff on BRICS countries. If this comes to pass, then effective tariffs on Indian imports would be 35%. There is also a legislation in the U.S. in the process of being passed that could see an additional 500% tariff on India, China, and Brazil for their dealings with Russia. What does it mean for India? Tariffs are paid by importers. Therefore, tariffs on Indian imports would be paid by those in the U.S. that are importing Indian goods. That is, Indian goods will become more expensive for them. Therein lies the true problem for India. On a macro level, the tariffs and the impact they will have on Indian exports are expected to only lower India's GDP by 0.2%, according to research by the Bank of Baroda. So, if India's growth forecast had been 6.6%, then these tariffs — if they are imposed — could lower growth to 6.4%. However, the issue arises in individual sectors. According to the Bank of Baroda, sectors such as garments, precious stones, auto parts, leather products, and electronics (although their inclusion is uncertain) could face the pinch and would have to rework their strategies. 'The issue really is that some of the competing nations like Vietnam (20%), Korea (15%) and Indonesia (19%) have lower tariffs compared with India,' the Bank of Baroda added in its research note. How did things come to such a pass? While most trade deals are negotiated over years, Prime Minister Narendra Modi and Mr. Trump in February 2025 announced that they would conclude the first tranche of a trade deal by fall. To put this in perspective, the recently-signed Comprehensive Economic and Trade Agreement between India and the U.K. took about three years to negotiate. What made the announcement by Mr. Modi and Mr. Trump notable was that it came before the latter's big moves on reciprocal tariffs, which is what pushed other countries to start negotiating with the U.S. The announcement was thus a strong and positive commitment towards strengthening ties between the two countries. But then, on April 2, Mr. Trump announced his Liberation Day reciprocal tariffs. These included a 10% baseline tariff for all countries, and additional tariffs on a country-by-country case. For India, this total was 26%. However, just a week later, Mr. Trump announced a 90-day pause on these tariffs so that bilateral deals could be struck so as to reduce the U.S.'s trade deficit with most of its trading partners. The 90-day pause was to end in July, but Mr. Trump extended it to August 1. What are the points of friction? It's hard to pinpoint any single recent development that has soured relations, but there have been several points of friction between the two countries in the past few months. The matter of India's tariffs and non-tariff barriers has been something Mr. Trump has been highlighting since his first term as President. It was no surprise that he would take up the issue in his second term. Soured relations: The Hindu editorial on Trump's 25% tariff, 'penalty' Mr. Trump has brought up India's engagement with Russia, too, saying countries like India are partly financing Russia's war with Ukraine. India, however, has reiterated that it will secure its national and energy security, and if that means buying cheap Russian oil, then that is what it would do. Russia currently accounts for about 35-40% of India's oil imports, making it a significant partner. In addition, India has remained adamant about keeping core parts of its agriculture and dairy sectors out of trade deals, including with the U.S. This has upset negotiators on the U.S. side, but it is a 'red line' India will not cross. Opening up these sectors would expose India's relatively low-productivity farmers to global competition, which will likely have devastating impacts on their livelihoods. Then, there is the fact that Mr. Trump has repeatedly stated that it was him, and his trade talks, that encouraged India and Pakistan to agree to a ceasefire following the launch of Operation Sindoor by India. The fact that the Indian government has refuted it has only further angered Mr. Trump. Mr. Trump's claims have irked the Indian establishment as well, since it has provided the Opposition a means to attack the government. India has informed the World Trade Organization that it reserves the right to impose additional tariffs on imports from the U.S. to retaliate against its higher tariffs on items like steel, aluminium, and automobiles. Taking these things together, Mr. Trump's tariff announcement comes as a confirmation that at least one, if not all of these factors, worked toward souring relations. Will India continue paying these tariffs? Although there has been a lot of talk about a 'mini-deal' between India and the U.S. to walk back the reciprocal tariffs, Indian officials have been cagey about the date for such a deal. The tariff announcement by Mr. Trump confirms that such a deal is not coming. However, the two sides have been remarkably consistent about their commitment of having some sort of trade deal finalised by the fall 2025 deadline. So far, negotiators from the two sides have met in New Delhi and Washington five times, including the first meeting in March where the Terms of Reference for the negotiations were finalised. The team from the U.S. will visit India in late August to take forward the talks. Things have, however, become trickier for Indian negotiators because Mr. Trump has now directly linked India's dealings with Russia to India's trade relationship with the U.S. The tariffs will come into effect soon. According to an Executive Order dated July 31, Mr. Trump said that his duties on India and other countries would come into effect '7 days after the date of this order'. What about deals with other countries? Over the last month, Mr. Trump has concluded deals with the U.K., Indonesia, the Philippines, Japan, the EU, and South Korea. The deal with the U.K. does not specify a general tariff level, but it will see British car exports to the U.S. attract a 10% tariff, down from the earlier 27.5% and a removal of tariffs on aerospace exports to the U.S. Japan negotiated lower tariffs of 15% for its exports to the U.S., the same as the EU.
India Today
2 minutes ago
- India Today
Ukraine hits Russian oil facilities, military targets in overnight drone strikes
Ukraine launched a major overnight drone offensive targeting multiple sites across Russia, including key oil infrastructure and military assets. The strikes marked another show of Kyiv's growing long-range drone to Ukraine's Unmanned Systems Forces (USF) and the SBU intelligence agency, several high-value targets were struck deep inside Russian them was the Ryazan oil refinery, located nearly 180 km southeast of Moscow, where a fire was reported following the attack. Also hit was the Annanefteprodukt oil storage facility in the Voronezh region, which lies close to Ukraine's northeastern In addition, Ukraine targeted the military airfield in Primorsko-Akhtarsk, a key launch site for Iranian-made Shahed drones used by Russia in attacks on Ukrainian strike reportedly damaged the Elektropribor factory in Penza, a facility believed to produce electronics vital to Russia's military-industrial response, Russia's defence ministry said its air-defense systems intercepted 112 Ukrainian drones overnight , including 34 over the Rostov region, during a nearly nine-hour barrage from Friday night to Saturday the interceptions, several civilian casualties were reported. In the Samara region, an elderly man was killed when drone debris caused a house fire. In Penza, a woman was killed, and two others injured in the attack on the electronics facility. In the Rostov region, a guard died after a drone-triggered fire at an industrial the front lines, Russia claimed control of the village of Oleksandro-Kalynove in Donetsk, though this could not be independently Ukraine adapts to the demands of prolonged warfare, drone strikes have become central to its counteroffensive strategy, allowing it to target vital infrastructure far beyond the frontlines.- EndsWith inputs from agenciesTune InMust Watch
Time of India
30 minutes ago
- Time of India
BJP Rewards Ex-Congress Ministers With Key Posts
New Delhi: Two former Congress ministers, who switched sides ahead of the Lok Sabha polls last year and won assembly elections on BJP tickets earlier this year, were rewarded and made chairpersons of two separate development boards. Raj Kumar Chauhan, who won from his traditional seat of Mangolpuri, was made the chairperson of the Delhi Village Development Board. Gandhi Nagar MLA Arvinder Singh Lovely was made the chairperson of the Trans Yamuna Development Board. Sources said the decision was taken in the cabinet meeting, chaired by chief minister Rekha Gupta, earlier this week, and a gazette notification is likely to be issued soon. The other members of the boards will be nominated by govt. The cabinet decisions mentioned that the two boards will advise govt on issues related to infrastructure development in those areas. Their appointment to the boards marks their return to govt after a gap of 12 years. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi Lovely was made a minister by then chief minister Sheila Dikshit in 2003. He held several important portfolios during his 10 years in office, including education, transport and revenue. Chauhan, who was brought into the cabinet by Dikshit in a reshuffle in 2001 during her first term as CM, remained a minister for 12 years and held PWD , irrigation and flood control, and revenue portfolios. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Swelling and internal bleeding in the brain, help this baby Donate For Health Donate Now Undo Both bring with them vast experience in governance, which will come in handy while working as the chairpersons of the village development board and Trans Yamuna Development Board, respectively. Lovely quit Congress in protest against the alliance with AAP in the Lok Sabha polls in 2024 and joined BJP. Chauhan left Congress after he was denied a Lok Sabha ticket in 2024. This was the second time for both Lovely and Chauhan to join BJP. The Gandhi Nagar MLA joined BJP in May 2017 but returned to Congress in Feb 2018, saying he was a "misfit" in the saffron party. Chauhan left Congress in May 2019 but returned within a few months. Both Lovely and Chauhan played significant roles in mobilising voters in favour of BJP in the Lok Sabha polls last year and the assembly elections earlier this year. While Lovely holds sway among voters in east and north-east Delhi and among the Sikhs, Chauhan is a well-known face among scheduled castes, besides being a popular politician in outer Delhi. Lovely won four consecutive assembly polls in 1998, 2003, 2008 and 2013, and lost in 2015 and 2020, before getting elected again in 2025, this time on a BJP ticket. Chauhan also won four consecutive elections between 1993 and 2008. He lost the 2013 and 2015 elections and got re-elected again in 2025. Their political acumen and administrative experience are considered a major asset for BJP and Delhi govt. Sources said both were accorded the status of cabinet ministers. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
