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New levy may yield bitter harvest for agri, seafood sector

Hindustan Times Navi Mumbai

|

April 04, 2025

India's shrimp, basmati rice, and buffalo meat exports to the US—a trade worth billions—face fresh uncertainty as President Donald Trump slapped a 27% "reciprocal tariff" on Indian imports taking effective tariffs to 31-32%.

- Vijay C Roy

NEW DELHI:

The move could erode India's price advantage, disrupt supply chains, and open the door for rival exporters from Canada, Mexico and South America.

The US is India's top market for agricultural goods, with bilateral farm trade totaling $6.6 billion in 2024. India exported roughly $5 billion worth of agricultural products to the US.

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