Indian shrimp farmers are struggling after Trump’s 50% tariff threat on shrimp imports from India to the U.S. State of Andhra Pradesh sends the most shrimp to the U.S. and farmers are facing slashed rates, wiping out profits. The U.S. is the biggest market for Indian shrimp exports.

President Trump’s tariffs on Indian imports are causing disruptions in the industry. In comparison, Ecuador faces a lower 15% tariff on shrimp exports to the U.S., giving them a competitive edge. Indian farmers are considering fish farming or other businesses to survive the crisis.

Farmers in Andhra are feeling the impact of slashed shrimp prices, with profits dwindling. High operating costs and loan payments are squeezing their margins. Ecuador is monitoring the situation to capitalize on business opportunities if India withdraws from the U.S. market.

Read more at Yahoo Finance: Facing Trump tariffs, India’s shrimp farmers consider switching to other businesses