US President Donald Trump's choice to impose larger tariff on all Indian items is “very unhealthy” and “surprising”, Gulati stated, including that he had anticipated a tariff of solely 10-15 per cent.
“This clearly reveals Trump is unpredictable and punitive,” he instructed PTI.
Gulati stated the transfer will “severely impression” the nation's shrimp exports and Equador with decrease tariff and nearer geographical location to America will achieve.
Aside from shrimp exports, India will see the impression of upper US tariff on textiles.
“The massive benefit we achieve with India-UK free commerce deal will get neutralised with the excessive US tariffs,” he added. India's shrimp exports within the 2024-25 reached a price of roughly USD 4.88 billion, accounting for 66 per cent of the entire seafood exports.
The US and China stay the highest markets for Indian shrimp, with the US taking almost half of the export quantity for uncooked shrimp varieties.
