New Delhi, Aug. 6 -- The recent move by the US to impose a 25% basic tariff on shrimp imports from India has triggered uncertainties for the sector back home.
This comes on top of existing anti-dumping and countervailing duties of approximately 8% on shrimp, pushing the total effective duty to 33%, which was just 7.5% before US President Donald Trump's reciprocal tariff announcements of 2 April.
In recent years, Indian shrimp farming has shown an impressive performance. It grew at a compound annual growth rate of 18% between 2011 and 2023. This growth relied heavily on exports. Demand from the US has been a major driver of this increase. Consider the numbers.
In 2023-24, India exported over $2.5 billion worth of shrimp to the US, makin...
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