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Seafood, Basmati Rice Exporters to Feel the Pinch
July 31, 2025
|Financial Express Lucknow
INDIA'S EXPORTS OF agricultural products, including shrimp, basmati rice, coffee and tobacco to the US are likely to be hit with the US president Donald Trump on Wednesday announcing a 25% tariff on the country.
Trade sources said that while total exports of farm products to the US are estimated at $5 billion, the shipment of shrimp and rice, which have a share of 60% in the export basket, would be hugely impacted. These products don't attract any duties in the US now.
Seafood exporters fear that India may lose market share to Ecuador, on which the Trump administration has imposed only a 10% tariff.
هذه القصة من طبعة July 31, 2025 من Financial Express Lucknow.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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