Indian Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country's farmers even if he has to pay a heavy price for it, in his first comments after U.S. President Donald Trump's salvo of a 50% tariff on Indian goods.

In tech: Trump and Tim Cook, Apple’s chief executive, announced that the company was pledging $100 billion in additional U.S. investment, its latest move to avoid iPhone tariffs. Trump also threatened to impose levies of 100 percent on all foreign-made chips next week unless manufacturers agreed to invest and build in the U.S.

India, which now faces among the highest tariff rates imposed by the US, called the levy "unjustified and unreasonable".

For years, India has balanced close partnerships with both Washington and Moscow, even throughout Ukraine war. Trump is finally demanding it picks a side

US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil, escalating a fight with a key Asian partner and sparking outrage in New Delhi.

As the president pursues his goals on Russia and trade, America’s relationship with an important partner in Asia could end up as collateral damage.

President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,

His remarks come amid chaos over the Trump administration doubling the tariff imposition to 50 per cent on goods from India