US President Donald Trump on Monday indicated that he’s contemplating further tariffs on Indian rice, saying that “they should not be dumping” the commodity within the US.
Trump made the feedback throughout a gathering on the White Home the place he unveiled $12 billion in contemporary help for American farmers. He stated imports have been difficult home producers, having been knowledgeable of the falling rice costs by rice baron Meryl Kennedy, the founder and CEO of Kennedy Rice Mills and 4 Sisters Rice. Trump reiterated his intention to deal with the difficulty.
Trump was given an inventory of nations which are “dumping rice” into the US, with India, Thailand and even China accused of the follow.
“Inform me about India. Why is India allowed to try this? They must pay tariffs, have they got an exemption on rice?” the US President requested treasury secretary Scott Bessent.
“No, sir, we’re nonetheless engaged on their commerce deal so…,” Bessent tried to answer.
“Yeah, however they should not be dumping. I imply I heard that from others too. You may’t do this,” Trump interjected.
The president stated he would “take care” of the alleged dumping of Indian rice into the US.
Donald Trump mulling a tariff on Canadian fertiliser
Donald Trump additionally recommended doable tariff measures on fertiliser coming from Canada to encourage native manufacturing.
“A number of it does are available from Canada, and so we’ll find yourself placing very extreme tariffs on that, if now we have to, as a result of that is the best way you need to bolster right here,” he stated, including, “And we will do it right here. We will all do this right here.”
The remarks come amid ongoing financial pressures, together with considerations about inflation and client costs. Farmers, a key help base for Trump, have confronted rising prices and market challenges linked to tariff insurance policies.
Negotiations with each Canada and India aimed toward stabilising commerce ties have encountered difficulties. Earlier this 12 months, Trump imposed 50% tariffs on Indian items, citing commerce obstacles and power purchases. A US delegation is predicted to go to India this week for additional talks, though no main breakthrough is anticipated.
Trump has additionally beforehand raised tariff considerations with Canada, together with threats to extend duties on merchandise not coated by the North American Free Commerce Settlement. Latest statements have recommended revisiting the settlement itself.
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