Shares of Indian textile and shrimp companies came under sharp pressure on August 28 after the United States imposed a steep 50% tariff on Indian imports. The move, announced by US President Donald Trump with an additional 25% duty effective August 27, has made Indian exports far costlier compared to Asian peers like Bangladesh and Vietnam, which face only 20% tariff.<\/p>\n\n\n\n
As Indian markets were closed on August 27 due to Ganesh Chaturthi, the impact was visible today. Export-heavy stocks saw selling pressure in early trade. Raymond Lifestyle and KPR Mill slipped nearly 3%, Gokaldas Exports was down about 1%, Welspun Living lost around 2%, and Trident declined over 1%.<\/p>\n\n\n\n
Shrimp exporters were more impacted as US is their biggest market. According to Marine Products Export Development Authority (MPEDA), US imported seafood worth $2.71 billion from India in FY25, of which frozen shrimp was over 92%. Apex Frozen Foods which gets 53% of its revenue from US, dropped by 5%, while Avanti Feeds which gets 77% of its revenue from North America, dropped by 4%.<\/p>\n\n\n\n
Analysts fear the steep tariff hike will severely impact margins of both textile and seafood companies and make Indian products less competitive in US market.<\/p>\n\n\n\n
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a> Shares of Indian textile and shrimp companies came under sharp pressure on August 28 after the United States imposed a steep 50% tariff on Indian imports. The move, announced by US President Donald Trump with an additional 25% duty effective August 27, has made Indian exports far costlier compared to Asian peers like Bangladesh and […]<\/p>\n","protected":false},"author":1,"featured_media":7270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[1256],"class_list":["post-7269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-50-tariffs"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=7269"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7269\/revisions"}],"predecessor-version":[{"id":7272,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7269\/revisions\/7272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/7270"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=7269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=7269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=7269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: Moneycontrol<\/a><\/sup><\/sub><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"