Shrimp Exports: US Tariffs Deal a Crushing Blow to Indian Industry
Indian shrimp exporters are bracing for a significant downturn following the imposition of reciprocal tariffs by the US, a move described as unprecedented by industry experts. Rahul Guha, Senior Director at Crisil Ratings, highlighted the severe challenge this presents to the sector.
The new tariffs, implemented on August 3, 2025, are expected to drastically impact India’s shrimp exports to the US, a crucial market for Indian producers. This comes at a time when the industry is already grappling with rising input costs.
Guha cautioned that smaller exporters, in particular, may struggle to absorb the increased costs and maintain their market share. The potential for job losses and reduced economic activity in coastal regions is a serious concern.
The impact extends beyond immediate financial losses. Long-term market share erosion and the need for strategic adjustments to navigate this challenging trade environment are significant challenges for the industry. The government’s response and potential support measures will be critical in mitigating the damage.
