Why this is the toughest test yet for Indian shrimp

As if the 50% tariff imposed by the US was not debilitating enough, Indian shrimp exporters are staring at an additional anti-dumping duty of as much as 40%. How will this impact exporters and the 16 million people dependent on the seafood sector? Mint explains:

- BY N. MADHAVAN

What has hit Indian shrimp exporters?

Indian shrimp exporters were among the worst hit sectors by US President Donald Trump's 50% duty. The US accounted for 52% of India's total shrimp exports of $5.2 billion in 2024-25, meeting 40% of the demand. Now, two Republican senators have introduced the 'Indian Shrimp Act', which, if approved, seeks to impose up to 40% anti-dumping duty on Indian exporters for shipping shrimps to the US at predatory prices. It will be in addition to the existing duties. Currently, Indian shrimps are subject to a tariff of 58.26%, including an existing antidumping duty of 2.49% and a countervailing duty of 5.77%.

2 How has the sector been impacted?