Indian shrimp exporters are gearing up to export approximately 35,000–40,000 tonnes of shrimp to the US following a significant relief — US President Donald Trump suspended a planned 26% tariff increase and maintained the duty at 10%, as per industry sources.
K N Raghavan, Seafood Exporters Association of India Secretary General, indicated that there’s now relief in the sector. Indian exporters can now process and export orders that had been held back with the tariff being equal to other nations now. About 2,000 shrimp containers are now ready to be exported following the April 9 announcement, a week after the high tariff was initially tabled.
The break means that all countries but China (which will still have a 145% tariff) will still be paying a 10% blanket tariff. For India, combined customs duty on shrimp is still approximately 17.7%, including anti-dumping and countervailing duties.
Indian exporters typically bear the tariff charges under delivery duty-paid terms, and the increased tariffs would have resulted in substantial losses on already contracted shipments. The 90-day suspension provides them with time to fulfill these exports without suffering financially.
Despite tariff issues, America remains India’s largest shrimp purchaser. The nation imported $2.7 billion worth of shrimp from India during FY24, and industry players state that US purchases have remained consistent.
