Trump signals tariffs on India after accusing it of “dumping” rice
“Why is India allowed to do that?” Trump asked Treasury Secretary Scott Bessent. “They have to pay tariffs… All right, and we’ll take care of it. Tariffs solve the problem in two minutes,” he added.
India is the world’s largest rice producer and exporter, holding a 30.3% share of global exports in 2024-2025. Last year, India exported 234,000 tons of rice to the US, which imports roughly 1.3 million tons annually. By comparison, the US produces less than 2% of the world’s rice but exports nearly 5% of global trade.
The US already imposes a 50% tariff on Indian rice, including 25% reciprocal levies and additional punitive measures tied to New Delhi’s continued oil imports from Russia. Trump’s latest threat coincides with US diplomatic efforts to stabilize ties, with Under Secretary of State Allison Hooker visiting India to advance trade negotiations.
India remains optimistic that a trade pact with the US can be finalized by year-end. The US is India’s largest export market, accounting for $52 billion in exports in the first seven months of the current fiscal year.
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