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Shrimp trade braces for uncertainty
Business Standard
|July 31, 2025
India's shrimp sector was pushed into uncertainty following US President Donald Trump's decision to impose a 25 per cent tariff on all goods imported into the US from India.
Traders said India has been made to suffer due to its refusal to open up the dairy and agriculture sectors to cheap US imports. The US is the single-largest market for India's seafood exports.
India exported almost $2.3 billion worth of shrimps to the US markets in FY24, which was more than 90 per cent of the total seafood exports to the US, trade data showed. Ecuador is India's biggest competitor in the US shrimp market and tariffs for the country are far less.
This story is from the July 31, 2025 edition of Business Standard.
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