Trump Tariff Threat Sinks Indian Rice Stocks; LT Foods Down 8%

business
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Moneycontrol•09-12-2025, 10:29
Trump Tariff Threat Sinks Indian Rice Stocks; LT Foods Down 8%
- •US President Donald Trump threatened new tariffs on Indian rice imports.
- •Shares of Indian rice exporters like LT Foods and KRBL fell up to 8% following Trump's threat.
- •Trump cited "dumping" of cheap foreign goods, including Indian rice, as harmful to American farmers.
- •LT Foods, whose 'Royal' brand is a top basmati rice in North America, saw its share price drop nearly 8%.
Why It Matters: Trump's tariff threat on Indian rice impacts exporter stocks.
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