• Following Trump’s 50% tariff on Indian goods, PM Modi declared he’s ready to “pay a heavy price” but won’t trade away protections for Indian farmers, fishers, or dairy producers.

• While Trump’s tariffs are tied to India’s Russian oil imports, Modi’s comments signal no shift in policy—raising doubts about a quick resolution.

• With U.S.–India talks already stalled, this sharp rhetoric may harden positions further. Importers should expect prolonged gridlock on ag-related trade.