Delhi, Sept. 24 -- Indian shrimp exporters are pivoting towards China after the United States slapped a steep 50% tariff on imports from India, Mint reported.

The additional duty, imposed by US President Donald Trump as a penalty for India's continued oil trade with Russia, has stripped Indian shrimp of its price edge in the American market.

The hike makes Indian shipments costlier than rivals from Ecuador, Vietnam, and Indonesia, forcing exporters to court new buyers in Asia.

China emerges as top buyer

China, buoyed by rising domestic demand, has quickly stepped in with forward contracts, transforming itself into a key growth market for Indian seafood.

"The tariff shock has turned out to be a blessing in disguise for Indian shrimp e...