Trump Signals Tariffs on Indian Rice, Canadian Fertilizer; $12B Farmer Aid

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Moneycontrol•09-12-2025, 09:30
Trump Signals Tariffs on Indian Rice, Canadian Fertilizer; $12B Farmer Aid
- •Donald Trump indicated he is considering tariffs on Indian rice, accusing India of "dumping" the product in the US.
- •Trump questioned why India is exempt from tariffs on rice and vowed to address the alleged dumping.
- •He also suggested potential tariffs on Canadian fertilizer to encourage domestic production in the US.
- •Trump announced a new $12 billion support package for American farmers, citing challenges from inflation and foreign imports.
- •Earlier this year, Trump imposed a 50% tariff on Indian goods; a US delegation is expected in India for trade talks.
Why It Matters: Donald Trump's proposed tariffs on Indian rice and Canadian fertilizer could disrupt global trade.
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