Trump's tariffs crushing India's frozen shrimp industry
CBC News · Older
CBC News
Older
The U.S. was India's top export market for shrimp, but 50 per cent export tariffs brought in by the Trump administration have seriously hurt the industry. Some farmers have faced price cuts of almost 40 per cent on their catch.
Breakdown
- Indian shrimp farmers face steep losses due to a 50% U.S. tariff. 19s
- Farmers report a 40% drop in shrimp prices and a sharp decline in exports. 38s
- The U.S. was India's top market for shrimp, worth billions in sales. 46s
- Daily workers have seen their workdays and wages cut significantly. 1m 9s
- State subsidies and renewed trade talks offer little immediate relief to workers. 1m 54s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.