India's Shrimp Exports Stare At Steep Decline Amid US Tariffs
India's shrimp export industry is bracing for a dramatic downturn as the United States imposed a crushing 50% tariff effective August 27, prompting projections of a 15-18% volume decline this fiscal year, according to a new Crisil report.
The 50% tariff imposed by the the United States along with countervailing duty (CVD) and anti-dumping duties, Indian exporters are now burdened with nearly 65% levies.
The tariff increase threatens to devastate the livelihoods of 2.8 crore people across India, particularly in Andhra Pradesh, who depend on the seafood sector...
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