Indian PM Modi vows to protect farmers, pushes self-reliance amid Trump tariff tensions

CNA

3 days ago

NEW DELHI :Indian Prime Minister Narendra Modi urged the country on Friday to move towards more self-reliance, manufacture everything from fertilisers to jet engines and EV batteries, and vowed to protect farmers in the face of a trade conflict with Washington.
Modi was addressing the nation on the occasion of its Independence Day at a time New Delhi has been struggling with U.S. President Donald Trump's punishing tariffs imposed on Indian goods and the collapse of trade talks, largely due to differences over imports of American farm and dairy products.
"Farmers, fishermen, cattle rearers are our top priorities," Modi said in his customary annual address from the ramparts of the Red Fort in New Delhi.
"Modi will stand like a wall against any policy that threatens their interests. India will never compromise when it comes to protecting the interests of our farmers," he said.
Modi did not mention the tariffs or the U.S. in his speech that lasted nearly two hours.
Last week, Trump imposed an additional 25 per cent tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations.
The new import tax will raise duties on some Indian exports to as high as 50 per cent - among the highest levied on any U.S. trading partner.
Modi has never spoken about the tariffs directly, only alluding to them in a speech last week, where he swore to protect the interests of farmers, even if it came at a personal price.
The tariffs threaten to disrupt India's access to its largest export market, where shipments totalled nearly $87 billion in 2024, hitting sectors like textiles, footwear, gems and jewelry.
Trade talks between New Delhi and Washington collapsed after five rounds of negotiations over disagreement on opening India's vast farm and dairy sectors and stopping Russian oil purchases.
On Thursday, the Indian foreign ministry said that it hoped relations with the United States would move forward based on mutual respect and shared interests, seeking to temper worries that ties were headed downhill.