How India's shrimp exports beat back the challenge from US tariffs

India's shrimp exporters are countering US tariffs by boosting shipments to new markets, backed by strong aquaculture growth, technology upgrades and government support

India’s export-oriented shrimp industry seems set to convert the challenge from the punitive tariffs imposed by the United States (US), the largest importer, into an opportunity. This is by diversifying its export destinations and increasing shipment to non-US markets. Appreciable headway has, in fact, already been made in this direction. Exporters anticipate that the losses suffered due to a sharp decline in supplies to the US, as a result of the cancellation of orders after the tariff increase in August, are likely to be recompensed to a large extent by higher exports to countries like China, Vietnam, Belgium, Russia, Canada,