In a subtle message directed at US President Donald Trump, Prime Minister Narendra Modi said on Thursday that India will never compromise on the interests of its farmers and dairy sector, and declared he was prepared to bear a significant personal cost if necessary, reported news agency PTI.

The statement came a day after Trump ratcheted up tariffs on Indian goods to 50 per cent, even as the two nations discuss a bilateral trade deal. The trade deal has been struck over the US demand for greater access to India's agricultural and dairy market.

It wants reduced tariffs on products like corn, soybeans, apples, almonds and ethanol, as well as increased access for US dairy products. New Delhi is, however, resisting these demands as these will have a direct bearing on farmers.