Trump hints at new tariffs on Indian rice, impacting trade relations.
During a recent White House meeting, President Trump signaled potential new tariffs on Indian rice and Canadian fertilizer, citing concerns from US farmers over falling rice prices attributed to perceived “dumping” by foreign producers. He announced a USD 12 billion support package for American farmers amidst economic challenges, underscoring the administration’s commitment to bolster domestic production. The proposed tariffs reflect ongoing tensions in trade negotiations, as Trump previously imposed a 50% tariff on select Indian goods and hinted at revisiting the North American trade agreement with Canada. This trade policy shift aims to protect American agricultural and industrial interests but poses significant implications for US-India and US-Canada relations.
