Indian Shrimp Exporters Brace for Unprecedented Challenge in US; Volumes to Drop 7-9%
Indian shrimp exporters will face a new, unprecedented challenge in US markets after the imposition of reciprocal tariffs on India, said Rahul Guha, Senior Director at Crisil Ratings.
"Indian shrimp exporters face an unprecedented new challenge in the US market, which contributes close to 48 per cent of their exports," Guha added. He noted that with the proposed US tariff hike, additional financial penalties, the 5.77 per cent countervailing duty imposed last year, and existing anti-dumping duties, India is set to become...
To Read Full Story Login Below.