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Seafood exports: Stuck on a raft of uncertainty

Mint Kolkata

|

April 15, 2025

Even if Trump's tariff flip-flops didn't leave Indian seafood exporters queasy, the resultant decision paralysis has been bad enough. Exporters need a compass. So does US trade policy

Winds blowing hot and cold from Washington this April have left India's seafood exporters at sea, afloat but gripped with uncertainty. US President Donald Trump's attempt at a trade reset has meant this sector saw tariff rates on shipments swell, crest and crash from being nearly duty-free to 10% on 5 April, then to 26% four days later, and now back to 10%—at least till early July. Even if it did not make exporters queasy, the US policy flip-flop made it hard for them to chart out a course.

America is their biggest export market, accounting for over a third of Indian shipments by value. In 2023-24, the US imported over $2.5 billion worth of seafood from India, of which 92% was frozen shrimp. Much of this business is contract led, with US-based importers bearing the risk of tariff hikes, but not all of it. Plus, the fine-print could be invoked in some cases to cancel orders or reject consignments upon arrival. Associations of seafood exporters have shared stories of dispatch disruption and deep anxiety.

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