Shrimp Shift: Indian Seafood Exporters Turn to China After US Tariff Shock
China, known for its seafood processing and re-export capabilities, is fast emerging as a crucial destination for Indian shrimp after the US raised a prohibitive tariff wall on the South Asian nation's shipments.
US President Donald Trump has levied a 50% tax on Indian shipments, making it difficult for the shrimp exporters to compete with Ecuador, Vietnam and Indonesia. In this backdrop, exporters are increasingly turning to China and also aiming to bolster shipments to markets such Europe, the UAE, Japan and South Korea, industry officials and...
To Read Full Story Login Below.