Trump Tariff: PM Modi to Chair High-Level Meeting Today on US Tariff Hike, Big Decisions Expected
Digital Desk, New Delhi | IANS – The United States has officially begun imposing steep tariffs on dozens of countries, including India, triggering fresh tensions in bilateral trade relations. In response, Prime Minister Narendra Modi will chair a crucial high-level cabinet meeting at 1 PM today to assess the impact of the recent 50% tariff hike imposed by the US on Indian exports. Officials indicate that some major policy decisions could be taken during the meeting.
US Increases Tariff on Indian Goods by 50%
The move follows Washington’s decision to raise tariffs on Indian goods by up to 50 percent, a step that has escalated trade friction between the two nations. According to reports, the meeting will discuss India’s strategic response to counter the US action.
The White House has stated that, starting midnight Thursday, products from over 60 countries and the European Union will face tariffs of 10% or more.
Other Countries Affected
Under the new rules:
- Products from the European Union, Japan, and South Korea will be taxed at 15%.
- Imports from Taiwan, Vietnam, and Bangladesh will face 20% tariffs.
US President Donald Trump has also expressed hope that countries like the EU, Japan, and South Korea will invest billions of dollars in the American economy.
Impact on US Consumers
American trade associations have warned that the tariff hike on Indian goods will also impact American households. Spices imported from India — widely used in home kitchens, restaurants, and the food industry — will become costlier, leading to higher food prices.
According to the US Department of Agriculture, America imported more than $410 million worth of spices from India last year. The 50% tariff could significantly raise the cost for both consumers and manufacturers.
Agriculture and Dairy Products at the Center of Dispute
The Modi government’s response is being closely watched, especially amid ongoing talks over a bilateral trade agreement. One of the biggest sticking points remains agriculture and dairy products, with the US pushing to open the Indian market for its farm and dairy exports — a move India has resisted.
Today’s meeting is expected to weigh these issues and decide on India’s countermeasures to safeguard domestic industries and farmers.
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