Shrimp exporters unfazed by US tariffs

Improving supply lifts shipment prospects

- POST REPORTERS

Thailand's shrimp exports are unaffected by the new US tariffs and anti-dumping (AD) duties, and the industry aims to produce 400,000 tonnes of shrimp this year, says the Thai Shrimp Association.

Ekapoj Yodpinit, president of the association, said the shrimp industry shows clear signs of recovery this year despite facing unpredictable US trade and tariff policies.

Thailand expects to export over 250,000 tonnes of shrimp this year if production exceeds 400,000 tonnes.

“Thai shrimp exports to the US face a combined tariff of 17.01%, comprising a 15% global tariff and 2.01% AD duties. While comparable to rates imposed on other countries, this level keeps Thailand competitive in the market,” he said.

Other major exporters face different rates, such as 18.7% for Indonesia, 15-28.7% for Ecuador, 22.4% for Vietnam, and 24.5% for India.