Back to today’s briefing

Story perspectives

Modi Urges Support for Local Goods Amid Tariff Tensions

8/6/2025

27 3

Summary

Story summary

In a bold response to U.S. President Trump's looming tariff threats, Indian Prime Minister Narendra Modi passionately called on citizens to support local products. As tensions rise over India's oil purchases from Russia, Modi's government remains steadfast, prioritizing the nation's economic stability amidst global uncertainty, especially after the recent 25% tariff on Indian exports.

History

Historical Context

In 2018, the U.S. imposed tariffs on steel and aluminum, leading to a 25% tariff on Indian exports under Prime Minister Narendra Modi. This situation echoes the 1930 Smoot-Hawley Tariff Act, which raised U.S. tariffs and triggered global trade retaliation. Such trade tensions could significantly reshape international economic policies and relations, particularly for India.

1 of 2

Story summary

In a bold response to U.S. President Trump's looming tariff threats, Indian Prime Minister Narendra Modi passionately called on citizens to support local products. As tensions rise over India's oil purchases from Russia, Modi's government remains steadfast, prioritizing the nation's economic stability amidst global uncertainty, especially after the recent 25% tariff on Indian exports.

1 / 2