Washington: President Donald Trump indicated on Monday that his administration may impose new tariffs on agricultural imports, notably Indian rice and Canadian fertiliser, after unveiling a USD 12 billion aid package for US farmers. At a White House roundtable, farmers and officials cited falling domestic prices and alleged dumping from countries including India, Vietnam and Thailand. Trump directed administration officials to investigate the imports and suggested duties could be used to protect local producers and encourage domestic fertiliser production. Treasury and agriculture officials attended the session and heard testimony from affected growers. Based on 6 articles reviewed and supporting research.
Domestic fertiliser manufacturers and some US agricultural producers stood to benefit from potential tariffs and incentivised local production.
US rice farmers faced increased competition and price pressure from alleged low-priced imports, while consumers could face market disruptions.
After reading and researching latest news, the administration announced a USD 12 billion farm aid package on December 9 and signalled potential tariffs on Indian rice and Canadian fertiliser amid farmer complaints of alleged dumping; officials will investigate imports and consider duties to protect domestic producers and incentivise fertiliser production.
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Trump Signals Tariffs on Indian Rice, Canadian Fertiliser
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