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Seafood, Basmati Rice Exporters to Feel the Pinch
Financial Express Kochi
|July 31, 2025
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.
This story is from the July 31, 2025 edition of Financial Express Kochi.
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