Trump's Tariff Threat Sinks Indian Rice Stocks; KRBL, LT Foods Down 7%

markets
M
Moneycontrol•09-12-2025, 10:31
Trump's Tariff Threat Sinks Indian Rice Stocks; KRBL, LT Foods Down 7%
- •US President Donald Trump hinted at new tariffs on Indian rice, causing shares of KRBL and LT Foods to fall up to 7%.
- •Trump's warning followed claims by US farmers that cheap Indian rice imports (dumping) make it difficult to compete.
- •LT Foods, with 46% of its revenue from North America, saw a significant share drop, while KRBL's direct US exposure is minimal.
- •The tariff threat comes ahead of US-India trade talks scheduled for December 10-11.
Why It Matters: Trump's tariff threat on Indian rice impacts company stocks and US-India trade talks.
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