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India preparing to ship 40,000 tonnes of shrimp to U.S. after tariff pause

India preparing to ship 40,000 tonnes of shrimp to U.S. after tariff pause

The Hindu
Monday, April 14, 2025 07:31:42 AM UTC

Indian seafood exporters prepare to ship shrimp to the U.S. after Trump's tariff pause, maintaining competitive advantage.

India's seafood exporters are preparing to ship 35,000-40,000 tonnes of shrimp to the United States with orders remaining stable after U.S. President Donald Trump paused a planned 26% reciprocal tariff, reducing the duty to 10%, industry officials said on Monday (April 14, 2025).

“There is a lot of relief now as we are at par with other exporters to the US. Now the shipments that were held back will be processed,” Seafood Exporters Association of India Secretary General K.N. Raghavan told PTI.

Also read | Seafood exporters suffer ₹600 crore loss due to U.S. tariff hike

About 2,000 containers of shrimp that had been delayed are now being readied for export following Trump's April 9 decision to pause the higher tariffs just one week after announcing them on April 2, he said.

The temporary reprieve maintains a 10% blanket tariff on all countries except China, which faces a 145% duty.

Currently, Indian shrimp exports to the U.S. face an effective customs duty of 17.7%, including 5.7% in countervailing duties and 1.8% in anti-dumping duty.

Industry sources explained that Indian exporters typically bear tariff costs under delivery duty-paid arrangements, meaning previously contracted shipments would have faced significant additional expenses under the higher tariff.

Read full story on The Hindu
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