US Tariffs Inflict $3 Billion Loss on Andhra Pradesh Shrimp Industry

Andhra Pradesh's aquaculture sector is facing a significant crisis due to steep US tariffs on shrimp exports, with the state losing nearly ₹25,000 crores and up to 50% of export orders cancelled. Chief Minister N. Chandrababu Naidu highlighted that Andhra Pradesh contributes 80% of India's shrimp exports and is seeking government support to mitigate the impact, including reduced feed prices, subsidies, and infrastructure development for processing and cold storage. Major Indian shrimp exporters like Avanti Feeds and Apex Frozen Foods saw their stock prices drop by up to 3% following the proposed India Shrimp Tariff Act by US Senators, which aims to protect Louisiana's seafood industry by imposing phased tariffs on Indian imports. Meanwhile, US tariffs on Vietnam risk cutting its exports to the US by nearly 20%, potentially costing up to $25 billion, making it the hardest-hit country in Southeast Asia and raising concerns about regional trade dynamics and reliance on China. These tariff measures are part of broader US trade policies under President Donald Trump, impacting multiple Asian export-driven economies and prompting regional discussions on trade responses.