New Delhi, April 3 -- Shares of Avanti Feeds and Apex Frozen Foods declined by 7%-19% during Thursday's trading session following US President Donald Trump's announcement of reciprocal tariffs on multiple countries, including India. These companies are notably heavily reliant on exports to the US, with a large portion of their revenues coming from the American market.

Significantly, the US is the largest market, accounting for $2.4 billion of the $5.6 billion in shrimp exported from India. Indian shrimp represent 40% of the market share in the US. A substantial portion of Indian shrimp heading to the US is processed in various Latin American countries, as reported by Moneycontrol.

During his speech last night, Trump presented a chart de...