Trump Warns India of New Tariffs over Rice Dumping Claims. What Does the Data Reveal?
Trump responded to farmers' claims of Indian rice dumping by threatening tariffs during a White House roundtable, with India holding a 30.3% share of global rice exports in 2024-2025.
- On Monday, US President Donald Trump warned he may impose new tariffs on Indian rice imports at a White House roundtable in Washington, DC, unveiling a $12 billion farm aid package.
- Farmers at the meeting pressed Trump to act, saying low-priced imports push domestic prices down, while Meryl Kennedy, CEO of Kennedy Rice Mill, urged tougher tariffs, citing a WTO case where US-led nations accused India of excessive farm support.
- Trade data show India exported basmati to the US worth $337.10 million and 274 metric units, while non-basmati shipments stood at 61,341 MT worth $54.6 million, Indian Rice Exporters Federation said.
- Market reaction was immediate as shares of KRBL and LT Foods fell up to seven per cent, while IREF warned higher tariffs would raise rice costs for US consumers.
- IREF emphasises that exports to the US are demand-driven and US-grown rice is not a like-for-like substitute for Indian basmati, while GTRI says the tariff threat appears electoral and would limit exporter harm.
21 Articles
21 Articles
Regarding Trump's threat of imposing tariff on rice, Rice Exporters Federation Vice President Dev Garg said that imposing tariff on Indian rice will not harm India, but American consumers will be troubled.
Trump tells India to stop ‘dumping rice’ on US or face new tariffs
India is world’s largest rice exporter
Will Trump's New Tariff Threat Impact Indian Rice Exports? What Experts Said
US President Donald Trump's latest warning that he may impose additional tariffs on rice exports from nations, including India, is unlikely to have any major impact on Indian rice exports, especially of basmati rice, according to rice exporters.
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