Shrimp Squeeze: Inside India’s Struggle to Keep Its Seafood Industry Afloat Amid Trump’s Tariffs
Seafood exporters in India found themselves in troubled waters after US President Donald Trump, in early August, announced a 25% reciprocal tariff on Indian goods, citing trade imbalances and anti-dumping concerns. The situation further deteriorated on August 27, when an additional 25% was imposed as a penalty for India’s purchases of Russian energy, bringing the total tariff burden to 50%.
The US is the single-largest market for Indian seafood exports, accounting for one-third of India’s total seafood exports...
To Read Full Story Login Below.