Fisheries Minister Calls US Tariff Rise on Shrimp an Opportunity for India’s Home Market

Fisheries minister calls US tariff rise on shrimp an opportunity for India’s home market

Mumbai: Maharashtra Fisheries Minister Nitesh Rane on Monday said the recent increase in tariff on shrimp exported to the United States from India should be seen as an opportunity to expand the country’s domestic market for prawns and other seafood items. Advising stakeholders not to worry too much about the US tariffs, Rane noted Europe and Vietnam are good export markets for Indian shrimp, but added the domestic seafood market is big enough to…

US tariff hike to hit earnings of diamond, shrimp, textile, and carpet companies - The Arabian Stories News

WASHINGTON DC The imposition of a 25 per cent tariff on the import of goods from India into the United States (US) will have a significant impact on the earnings of companies in sectors such as diamond polishing, shrimp, home textiles and carpets, said Crisil Ratings in a report.The move of the US President Donald Trump to impose an additional 25 per cent tariff with effect from August 27, 2025 as a penalty for importing crude oil from Russia wi…

India's shrimp exporters seek government help as US tariffs threaten US$2 billion of exports

The Seafood Export Association of India has appealed to their government for emergency financial assistance, as US$2 billion worth of shrimp exports to the United States face major disruptions due to higher tariffs imposed by President Donald Trump.

Do it yourself: Strategy review in light of the US tariffs

The US administration has announced imposition of 50% additional tariffs (25% reciprocal and 25% penal), over and above the regular/MFN tariffs that were already in place, on merchandise imports from India. Certain items, like pharmaceuticals, that are part of separate trade negotiations, and services are presently not part of the new tariff rates and continue to be charged at the extant rates. This level of tariff is indubitably concerning, as …

India Calls Us Tariffs Unfair, Pledges Support For Exporters And MSMEs

Delhi/Hyderabad, Aug 11 (Maxim News): The Central government led by Prime Minister Narendra Modi gives utmost importance to protecting and promoting the welfare of farmers, entrepreneurs, exporters and MSMEs, and will take all necessary steps to secure national interest, the parliament was informed on Monday. Here To Join Us On WhatsApp It is estimated that around 55 per cent of the total value of India’s merchandise exports to the US will be su…

Trump Tariffs and Their Ripple Effect on India: Understanding the Economic Fallout

Nearly 55% of Indian exports to the U.S. will be impacted by the new tariffs, said the Federation of Indian Export Organisations (FIEO). Producer cities of Tiruppur, Noida and Surat have halted production for U.S. orders, anticipating reduced profitability and order cancellations. The impact will be greater on MSMEs (Micro, Small, and Medium Enterprises), who have most of them not carried the financial buffer to weather such losses. Unless U.S.-…