India’s seafood exporters are making ready to ship 35,000-40,000 tonnes of shrimp to the USA with orders remaining steady after US President Donald Trump paused a deliberate 26 per cent reciprocal tariff, decreasing the responsibility to 10 per cent, trade officers stated on Monday.
“There may be numerous reduction now as we’re at par with different exporters to the US. Now the shipments that have been held again shall be processed,” Seafood Exporters Affiliation of India Secretary Basic Okay N Raghavan instructed PTI.
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About 2,000 containers of shrimp that had been delayed are actually being readied for export following Trump’s April 9 determination to pause the upper tariffs only one week after saying them on April 2, he stated.
The non permanent reprieve maintains a ten per cent blanket tariff on all international locations besides China, which faces a 145 per cent responsibility.
At present, Indian shrimp exports to the US face an efficient customs responsibility of 17.7 per cent, together with 5.7 per cent in countervailing duties and 1.8 per cent in anti-dumping responsibility.
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Trade sources defined that Indian exporters sometimes bear tariff prices underneath supply duty-paid preparations, that means beforehand contracted shipments would have confronted important extra bills underneath the upper tariff.
“The 90-day pause gives exporters the chance to fulfil these orders with out the additional value,” an trade consultant stated.
The affiliation reported no drop in orders from the USA, which stays India’s largest shrimp market each in quantity and worth. India exported shrimp price USD 2.7 billion to the US within the 2023-24 fiscal 12 months.
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Raghavan urged the federal government to deal with securing a “level-playing discipline” for the nation’s seafood exports throughout upcoming commerce talks earlier than the tariff pause expires.
