India, Aug. 7 -- India would make no compromise with the interests of its farmers and the country is ready to pay any price for it, Prime Minister Narendra Modi said on Thursday, remarks apparently made in response to President Donald Trump's decision to impose an effective tariff rate of 50% on exports to the US.

A day earlier, India fired back at Trump's move by calling it "unfair, unjustified and unreasonable", vowing to protect national interests amid a growing fallout between the two countries that have long been strategic partners.

"The interests of our farmers are our topmost priority. India will never compromise the interests of its farmers, its cattle rearers and fisherfolk," Modi said, addressing an event in New Delhi to comme...