Helping US Shrimpers, New Trump order might hit India’s shrimp exports

The $5.5-billion Indian seafoodexport market might face new restrictions in America. The new Donald Trump government, in an executive order, is set to enforce countervailing duties strictly on countries held to be dumping goods. America is the major importer of Indian seafood, with a share of 28.5 per cent in 2015-16, for 153,695 tonnes worth $1.3 billion. Frozen shrimp is the principal item of export to the US, with a share of 94 per cent in value terms. Another executive order directs their department of commerce and the Office of the US Trade representative to examine every form of trade abuse and non-reciprocal practice that contribute to the US’ large and persistent trade deficit, largest of any major nation in 2016 at $500 billion. Within 90 days, both these agencies are to give a comprehensive report to the President on the causes. “The US is the only country which is imposing an anti-dumping duty on Indian shrimp, to give level playing to its producers. click to continue reading the story 19:30