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Indian seafood exporters see severe impact from US tariffs

  • The reciprocal tariffs announced by US President Donald Trump will have a severe adverse impact on Indian seafood exports to the US market.
  • Shrimps accounted for 92% of the total seafood exports to the US, and India is the largest supplier of shrimps to the US market.
  • The higher tariffs on Indian seafood exports come into effect from April 9, causing distress and putting Indian exporters at a disadvantage compared to South American suppliers.
  • The estimated tariff impact on Indian exporters is around Rs 600 crore, causing a significant financial burden on the industry.

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