US President Donald Trump has warned that he may introduce new tariffs on agricultural imports, especially on rice imports from India and fertiliser from Canada, as trade talks with both countries continue without major progress.<\/p>\n
Trump made the remarks during a meeting at the White House where he unveiled a multi-billion-dollar farm relief package for American farmers while sharpening his criticism of agricultural imports from India and other Asian suppliers.<\/p>\n
The Republican leader claimed imports were challenging domestic producers and reiterated his intent to address the issue by using tariffs aggressively to protect American producers.<\/p>\n
He said the administration would direct \u201c$12 billion in economic assistance to American farmers\u201d, funded by tariff revenues the US is collecting from trading partners.<\/p>\n
\u201cWe\u2019re really taking in trillions of dollars, if you think about it,\u201d Trump said, adding that countries \u201ctook advantage of us like nobody\u2019s ever seen.\u201d<\/p>\n
He framed the new assistance as essential to stabilising the farm economy after what he repeatedly called inherited inflation and depressed commodity prices. \u201cFarmers are an indispensable national asset, part of the backbone of America,\u201d he said, arguing that tariff leverage was central to his strategy for reviving US agriculture.<\/p>\n
India surfaced prominently as an example during a lengthy discussion on rice imports, which one Louisiana producer described as devastating for southern growers.<\/p>\n
When told that Indian firms owned \u201cthe two largest brands\u201d in the US retail rice market, Trump said, \u201cAll right, and we\u2019ll take care of it. That\u2019s great. It\u2019s so easy\u2026 Tariffs, again, solves the problem in two minutes.\u201d<\/p>\n
\u201cThey shouldn\u2019t be dumping… I mean, I heard that, I heard that from others. You can\u2019t do that,\u201d he added.<\/p>\n
He also suggested possible tariff measures on fertiliser coming from Canada to encourage local production. \u201cA lot of it does come in from Canada, and so we\u2019ll end up putting very severe tariffs on that, if we have to, because that\u2019s the way you want to bolster here,\u201d he said, adding, \u201cAnd we can do it here. We can all do that here.\u201d<\/p>\n
India-US agricultural trade has expanded over the past decade, with India exporting basmati, other rice products, spices, and marine goods while importing US almonds, cotton, and pulses.<\/p>\n
Disputes over subsidies, market access and World Trade Organization complaints\u2014particularly involving rice and sugar\u2014have periodically strained bilateral negotiations.<\/p>\n
Source: NDTV<\/p>\n
–Agencies<\/p>\n
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US President Donald Trump has warned that he may introduce new tariffs on agricultural imports, especially on rice imports from India and fertiliser from Canada,…<\/p>\n","protected":false},"author":2,"featured_media":2793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":1,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","entry"],"yoast_head":"\n