US President Donald Trump announced a $12-billion farm relief package and vowed tougher tariff action to shield American producers, singling out India and other Asian nations for allegedly dumping rice in the US market. He said tariffs would be used “aggressively” to protect farmers.
India is formulating an action plan to counter a 50% US tariff hike impacting key exports, Economic Affairs Secretary Anuradha Thakur said. Despite fiscal deficit concerns, the government remains confident in achieving targets amid strong economic fundamentals and domestic demand growth
