US Tariffs Hit India, Vietnam, Brazil Shrimp Seafood Sectors

The United States under President Donald Trump has imposed significant reciprocal tariffs affecting several countries, with India and Vietnam among the hardest hit, especially in the seafood and shrimp sectors. India faces a total 25% tariff on many goods, including a 25% tariff on pharmaceuticals, which could disrupt its role as a key supplier of affordable medicines to the U.S. market. These tariffs have raised competition for Indian exports, as countries like Pakistan, Bangladesh, and Vietnam face comparatively lower rates. Indian fisheries are also vulnerable economically due to these tariffs, compounded by climate change impacts threatening marine ecosystems and fishery sustainability. Meanwhile, Brazil has seen tariffs on many of its products surge from 10% to 50%, targeting key exports like coffee, beef, and sugar, in retaliation for political tensions involving former president Jair Bolsonaro. Despite these steep tariffs, some exemptions and government subsidies might mitigate the economic impact, while countries like Chile and Argentina have been spared from tariff increases, maintaining a 10% rate on seafood exports to the U.S.