Trump considers fresh tariffs on Indian rice amid dumping allegations
What's the story
United States President Donald Trump has indicated that his administration is considering imposing new tariffs on agricultural imports, including Indian rice and Canadian fertilizers. This comes after American farmers complained that cheap foreign goods are undercutting domestic producers, Moneycontrol reported. During a White House roundtable meeting, Trump announced a $12 billion aid package for US farmers and promised to investigate allegations of countries dumping low-priced rice into the American market.
Farmer concerns
Farmers urge Trump to act against unfair trade practices
Farmers at the meeting urged Trump to take a tougher stance, saying subsidized rice imports are hurting US markets and driving down domestic prices. They accused countries like India, Thailand, and China of dumping their products in the US market. Responding to these concerns, Trump said "they're cheating" and hinted that tariffs could be imposed on imported fertilizers from Canada as well.
Dumping allegations
US Treasury Secretary lists countries involved in dumping
According to India Today, Meryl Kennedy, CEO of the Louisiana-based Kennedy Rice Mill, named India, Thailand, and China as major offenders. She pointed out that Chinese rice was being shipped to Puerto Rico instead of the mainland. US Treasury Secretary Scott Bessent was asked by Trump to note down these countries accused of unfair competition. Bessent also confirmed India, Thailand, and China as the "main culprits." He added, "But there's others too, and we can get you a full list."
Ongoing negotiations
US-India trade talks to continue despite tariff concerns
Despite tariff concerns, Bloomberg reported that both Canada and India are pushing for trade deals with the US to strengthen their economic ties. In August, Trump imposed 50% tariffs on Indian goods over trade barriers and India's continued purchase of Russian oil. A senior delegation from the US Trade Representative's office will resume trade talks with India this week. The two sides will meet on December 10 and 11 to discuss various issues related to the Bilateral Trade Agreement (BTA).