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Trump Tariffs Impact: Avanti Feeds, Apex Frozen Foods, Zeal Aqua, Waterbase Lead Declines Among Shrimp Stocks

Shrimps products with a 32.4% US share in India's exports will see a total tariff payable at 50%.

Shreya Sur

Close view of raw shrimps arranged in a plate.(Source: pexels/ Valeria Boltneva)

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Summary is AI Generated. Newsroom Reviewed

  • Shares of shrimp industry firms fell after US imposed extra 25% tariffs on India
  • India's cumulative tariff on shrimp exports to US now totals 50%, matching Brazil's rate
  • Shrimp products represent 32.4% of India's exports to the US and face 50% total tariff
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Shares of major players in the shrimp industry were trading lower on Thursday after US President Donald Trump announced additional 25% tariffs on India. The additional tariffs have taken India's cumulative tariff to 50%, at par with Brazil.

Shrimps products with a 32.4% US share in India's exports will see a total tariff payable at 50%.

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Shares of Avanti Feed Ltd. led losses in the sector with a 3.49% decline, followed by Zeal Aqua Ltd. and Apex Frozen Ltd. with a decline of 3.47% and 1.34% respectively at 9:24 a.m. Shares of Water Base declined 0.22%, while Kings Infra Ventures Ltd., were trading 0.10% lower.

Also Read: Trump Tariff Impact: Apparel, Textiles, Diamonds, and Organic Chemicals Among Most Affected Sectors

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Shreya Sur
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Donald Trump Warns Of 'Great Depression' If US Court Rules Against Tariff Policy

  • chevron-double-right US President Trump warned a court ruling against tariffs could cause a Great Depression
  • chevron-double-right Trump claimed tariffs boosted the US stock market and government revenues significantly
  • chevron-double-right The Federal Circuit Court of Appeals heard arguments against Trump’s tariffs on July 31
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