The 50% tariff on Indian goods announced by US President Donald Trump comes into effect from Thursday

The 50% tariff on Indian goods announced by US President Donald Trump comes into effect from Thursday

The 50% tariff on Indian goods announced by US President Donald Trump comes into effect from Thursday

Prime Minister Narendra Modi asserted on Thursday that India would never compromise on the interest of farmers and fishermen. 

Modi’s assertion came a day after US President Donald Trump slapped an additional 25% tariff on goods coming from India, which comes into effect from August 7. With Trump’s latest order, the total tariff on Indian goods, barring a small exemption list, will be 50 per cent.

“Personally I will have to pay price for protecting farmers' interest, but I am ready,” Modi said.

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