Prime Minister Narendra Modi has delivered a strong message following US President Donald Trump’s move to double tariffs on India to 50%. Speaking at a conference, Modi said India would never compromise on the interests of its farmers, fishermen, and dairy sector, even if it comes at a cost. The tariff hike follows India’s continued import of Russian oil. Meanwhile, US President Donald Trump has announced a 100% tariff on imported semiconductors, aiming to boost domestic manufacturing. Companies that already produce or commit to building factories in the US will be exempt. While South Korea confirmed it would be excluded from the tariffs, Malaysia and the Philippines expressed concern over potential economic fallout. Trump also warned of retroactive charges for firms that break US factory commitments.
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