US Tariff Pause: Relief for India’s Shrimp and Textile Exports
Why in the news
Farm and marine exporters welcomed the three-month US pause on reciprocal tariffs, but want lasting trade deals.
Key facts
- Andhra Pradesh panel: 16 experts to assess effects on marine food, compare India and Ecuador, and plan more exports to the EU, China and Japan; interim report in 5 days, final in 3 weeks.
- Shrimp: Andhra Pradesh is the top exporting state. Vennamei prices fell ₹30-50 per kg, risking a 40% cost rise; the pause steadied the market.
- Textiles: the US is India’s largest textile and apparel market; CITI wants an interim scheme and firmer talks.
Commodity spillovers
- Soybean oil: India imports 3.44 million tonnes a year, mostly from Argentina; US supply may be redirected.
- Rapeseed meal: China bought more from India to replace Canadian supply under a 100% duty.
- Cotton: Chinese demand may rise as US supply faces tariffs.
Trade data ($ bn)
| Category | FY23 | FY24 |
|---|---|---|
| Agri exports | 50.36 | 45.56 |
| Agri imports | 32.47 | 31.25 |
Exam angle
- Top shrimp state: Andhra Pradesh; variety: Vennamei; textile body: CITI.