[Global Network Reporter Suo Yanqi] According to Agence France-Presse, after the United States increased tariffs on Indian goods exported to the United States to 50%, Indian Minister of Commerce and Industry Piyush Goyal said in his first public speech on Friday (August 29) local time that India would not "yield" but focus on opening up new markets.
According to reports, Goyal said at a construction industry event in New Delhi that day that India has always been open to signing a free trade agreement.
But he also added that India "will neither yield nor show weakness" and "we will continue to work hand in hand to open up new markets."
The report quoted Goyal as saying that the Indian government will introduce a number of measures in the next few days to support various industries and promote exports. "I can confidently say that India's exports this year will exceed the 2024-2025 figures," he said.
On August 27th, the Federal Chronicle, published in the U.S. government gazette, issued a notice from the U.S. Department of Homeland Security saying that from 0: 00 EST on the 27th, the 25% punitive tariff imposed by the United States on imports from India will take effect. At present, the tariff rate of Indian goods exported to the United States has increased to 50%. Agence France-Presse said that Trump's latest tariff measures have caused tensions between the United States and India.
Faced with pressure, the Indian government has recently announced a number of policies focused on helping farmers and small business owners cope with the tariff shock, while the Indian leadership has recently made harsh statements vowing to defend their national interests. Prime Minister Modi, speaking in Ahmedabad, Gujarat, India on the 25th, emphasized that the Indian government will never let small business owners, farmers and livestock farmers be hurt. Modi said: “No matter how much pressure, we will continue to strengthen our strength to cope with the pressure.” Indian Foreign Minister Sujasin, at an event in New Delhi on 23rd, criticized the U.S. energy trade policy and imposed tariffs on India, saying that the US government, which is “friendly” to the business, is “reckless.”