PM Modi will take a big decision against Trump! Cabinet meeting today regarding 50% tariff of US
PM Modi’s cabinet meeting and Donald Trump
Prime Minister Narendra Modi will hold a high -level meeting with his cabinet on the increase in American tariff. This step has been taken amid growing trade tension between the two countries after the US decided to increase tariffs on Indian goods to 50 percent. India’s strategic response to American action is expected to be discussed in the cabinet meeting.
Truff announced this
The US’s new tariff against India includes an additional increase of 25 percent. The announcement was made by US President Donald Trump on Wednesday. Trump has stated the main reason for this for the continuous import of Russian crude oil by India. This is in addition to the last 25 percent tariffs which came into effect from 20 July. In this way, the US has imposed a total tariff of 50 percent on India.
Indian Ministry of External Affairs gave response
Reacting sharply to the US step, the Ministry of External Affairs has described the decision as unfair and indispensable. The Ministry of External Affairs said that India’s energy needs and strategic autonomy should be respected.
PM Modi’s statement after new tariff is implemented
In a public statement soon after the new tariff came into force, Prime Minister Modi has reiterated the unwavering support of his government towards farmers, cattle rearers and fishermen of India. Speaking at the MS Swaminathan Shatabdi International Conference in Delhi on Thursday, PM Modi said, ‘The interest of farmers is our top priority. India will never compromise the interests of its farmers, cattle rearers and fishermen. And I know that I will have to pay a huge price personally for this, but I am ready. India is ready for the benefit of farmers, fishermen and livestock owners of the country.
Trump refused to negotiate with India
Donald Trump on Thursday denied the possibility of talks with India on tariffs. When a journalist asked him if he expects more conversation after the announcement of 50 percent tariffs to be implemented from August 27, he said, “No,” no, until we resolve the issue. “
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