India's seafood exporters are preparing to ship 35,000-40,000 tonnes of shrimp to the United States (US) as orders remain stable following United States President Mr. Donald Trump's decision to pause a planned 26% reciprocal tariff. This reduction to a 10% duty has brought significant relief, allowing delayed shipments to be processed. According to the Secretary General of the Seafood Exporters Association of India, Mr. K N Raghavan, approximately 2,000 containers of shrimp, which had been held back due to the tariff threat, are now being readied for export.
The temporary pause, announced on April 9, 2025, maintains a 10% blanket tariff on all countries except China, which faces a 145% duty. Indian shrimp exports to the US currently incur an effective customs duty of 17.7%, which includes 5.7% in countervailing duties and 1.8% in anti-dumping duties. Indian exporters typically absorb these tariff costs, and the 90-day pause allows them to fulfill existing orders without the added financial burden. The US remains India's largest shrimp market, with exports worth Rs. 23,247 crore (US$ 2.7 billion) in FY24. Mr. K N Raghavan has urged the government to secure a "level-playing field" for the industry during upcoming trade talks before the tariff pause expires.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.