The Trump tariff has been in effect since August 27, 2025 and hit exports in relation to various sectors
such as marine exports, textiles, gems, automobiles and electronics. Indian goods are now facing a 50% import duty. Around Rs. 7.25 lakh crore worth of shipments are at risk after the imposition of the new tariff. On a related note, Marine products, particularly shrimp, face tariffs exceeding 58%. It is wiping out India’s edge against Ecuador. The sector is afraid of a Rs 600-crore hit and 20% slump in volumes. Apart from this, the Textiles sector is expected to lose up to Rs 75,000 crore. It has threatened around a million jobs. In an estimated calculation, economists predicted the loss of nearly Rs. 48000 this year. Not only this, but it could reduce as much as 0.6% of GDP growth.
What did the commodity experts say about Indian rice exports?
However, the commodity experts are optimistic about Indian rice exports as they consider that Rice stock is available. Furthermore, the experts suggest that the availability of rice stocks could mitigate the impact of the Trump Tariff by reducing restrictions on Indian rice exports. Notably, India shipped around Rs 83,000 crore worth of rice globally last year, of which only Rs 3,200 crore was exported to the US.
Prof. Govind Rao, noted economist and member of the 14th Finance Commission, said that India has a surplus of rice. Whatever India doesn’t need domestically must be exported.” But he warned that the strategy should be supported by proper reforms.
In addition, Former ISEC director Prof. RS Deshpande stated that Rice exports can balance losses in the marine and textile sectors. Demand is strong in Western Europe, West Asia and Africa, and our agricultural universities must help enhance the productivity and develop high-yielding, profitable varieties