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US Tariffs Cripple Indian Shrimp Industry | JQJO

US Tariffs Cripple Indian Shrimp Industry

US Tariffs Cripple Indian Shrimp Industry

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US tariffs on Indian shrimp imports, initially 25% and later doubled to 50%, have devastated India's shrimp industry. This has led to massive job losses, particularly affecting women working in processing plants who earn as little as $100 a month. Around 75-85% of Andhra Pradesh's shrimp exports went to the US, resulting in widespread unemployment and economic hardship. While some exporters seek new markets, many fear the damage is irreversible, with the industry's thin profit margins unable to withstand the tariffs. The situation highlights the vulnerability of low-wage workers and the potential long-term impact on India's economic growth.

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