Overview
- At a White House roundtable, President Trump accused India of dumping cheap rice into the U.S. market and told aides to list countries for possible tariffs, also citing fertilizers from Canada.
- Trump announced a $12 billion aid package for American agriculture following complaints from rice growers about low-priced imports from India, Thailand and Vietnam that they say erode market share, including in Puerto Rico.
- Treasury Secretary Scott Bessent said the U.S. is still working on a trade deal with India, and a U.S. delegation is set to visit New Delhi this week with no quick breakthrough expected.
- Trump referenced ongoing litigation over his emergency tariff authority, with lower courts having ruled against the administration and a final decision pending at the U.S. Supreme Court.
- India is the largest global rice exporter but ships relatively small volumes to the U.S., and the U.S. has already levied steep duties on some Indian goods, reported at 50% with a 25% component linked to Russian oil purchases.