On August 7, the US rolled out its biggest wave of tariffs yet, slapping rates of 10–50% on imports from major partners—and hitting both India and Brazil with maximum 50% levies on key exports.
India’s foreign ministry wasted no time in condemning Washington’s move as “unfair, unjustified and unreasonable.” At the heart of the dispute: US demands that New Delhi open its doors to American genetically modified crops and duty-free farm goods.
Farmers, livestock rearers and fishermen form the backbone of India’s economy and politics. Prime Minister Narendra Modi made clear that their interests are non-negotiable, even if it carries a personal price. “India will never compromise with the interests of its farmers,” he declared.
Already burdened by a 25% tariff earlier this year, India now faces double that duty on industries ranging from textiles to steel. The US argues this is punishment for India’s continued purchases of Russian oil—an accusation India rejects as double standards.
Across India, voices from Parliament are demanding a firm response. Opposition leader Shashi Tharoor called for mirror tariffs on US goods, arguing that New Delhi must show it won’t be sidelined: “If India doesn’t matter to them, they should also not matter to us.”
The standoff highlights a broader global trend: trade policy is increasingly driven by geopolitical priorities as much as by economics. For young entrepreneurs and innovators, it signals both risk and opportunity—encouraging a deeper look at supply chains and emerging markets beyond traditional partners.
As eyes turn to upcoming negotiations, India’s stance makes one thing clear: the country is ready to play hardball to protect its homegrown industries and farmers. The next moves on both sides will shape not just bilateral ties but the wider map of global trade.
Reference(s):
cgtn.com
