US tariffs threaten Indian shrimp farmers' livelihoods
Indian shrimp farmers are facing potential financial ruin due to rising costs and proposed U.S. tariffs, threatening their livelihoods. President Trump's planned 26% tariff on Indian exports is the primary concern. The tariffs could make Indian shrimp too expensive for the crucial U.S. market, the top destination for Indian shrimp exports. Farmers are already struggling with stagnant demand and rising expenses, with some considering halting production. India's government is being urged to intervene by reducing input costs and exploring new markets. The industry is heavily reliant on the U.S. market, making it vulnerable to trade disputes and global market fluctuations.