<p>Hyderabad: Aquaculture farmers in Andhra Pradesh, who had briefly celebrated after US President Donald Trump paused reciprocal tariffs in April, are now facing renewed anxiety.</p>.<p>Their relief proved short-lived as Trump on Wednesday imposed 25% tariffs plus penalties starting August 1.</p>.<p>The initial disruption began on April 2 when Trump announced a 26% tariff, causing shipment stalls that lasted until April 9, when the decision to pause was announced for 90 days. Andhra Pradesh aqua farmers resumed shipping their prized shrimp varieties like vanamei to the US market. The pause maintained a 10% blanket tariff on all countries, including India.</p>.<p>The stakes are enormous for the region's economy. More than 10 lakh families depend directly and indirectly on the shrimp sector in Andhra Pradesh, where aquaculture operations span approximately two lakh hectares across the coastal districts of East and West Godavari, Krishna, Guntur, and Nellore.</p>.India Inc disappointed over Donald Trump's decision to levy 25% tariff, penalty on country.<p>During the 2023-24 fiscal year, India exported marine food products worth $2.55 billion to the US, with shrimp accounting for 92% of these exports. Approximately 75% of India's total shrimp exports originate from Andhra Pradesh.</p>.<p>Indian exporters already face significant challenges in global markets. They currently bear a 5.77% Countervailing Duty (CVD), and when combined with other duties, India confronts a 20% duty disadvantage overall. The situation is similarly challenging in the European Union, an alternative market, where Indian exporters encounter 50% inspection rates and import duties ranging from four to seven percent.</p>.<p>Despite the mounting challenges, farmers remain optimistic that Trump might reverse course once again. "We are hoping against hope that Trump would reconsider his decision, just as he paused the reciprocal tariffs in April. Otherwise, we will face severe hardship from August 1," K Satyanarayana, an aquaculture farmer from Amalapuram in the Konaseema region of Andhra Pradesh, told <em>DH</em> on Wednesday.</p>
<p>Hyderabad: Aquaculture farmers in Andhra Pradesh, who had briefly celebrated after US President Donald Trump paused reciprocal tariffs in April, are now facing renewed anxiety.</p>.<p>Their relief proved short-lived as Trump on Wednesday imposed 25% tariffs plus penalties starting August 1.</p>.<p>The initial disruption began on April 2 when Trump announced a 26% tariff, causing shipment stalls that lasted until April 9, when the decision to pause was announced for 90 days. Andhra Pradesh aqua farmers resumed shipping their prized shrimp varieties like vanamei to the US market. The pause maintained a 10% blanket tariff on all countries, including India.</p>.<p>The stakes are enormous for the region's economy. More than 10 lakh families depend directly and indirectly on the shrimp sector in Andhra Pradesh, where aquaculture operations span approximately two lakh hectares across the coastal districts of East and West Godavari, Krishna, Guntur, and Nellore.</p>.India Inc disappointed over Donald Trump's decision to levy 25% tariff, penalty on country.<p>During the 2023-24 fiscal year, India exported marine food products worth $2.55 billion to the US, with shrimp accounting for 92% of these exports. Approximately 75% of India's total shrimp exports originate from Andhra Pradesh.</p>.<p>Indian exporters already face significant challenges in global markets. They currently bear a 5.77% Countervailing Duty (CVD), and when combined with other duties, India confronts a 20% duty disadvantage overall. The situation is similarly challenging in the European Union, an alternative market, where Indian exporters encounter 50% inspection rates and import duties ranging from four to seven percent.</p>.<p>Despite the mounting challenges, farmers remain optimistic that Trump might reverse course once again. "We are hoping against hope that Trump would reconsider his decision, just as he paused the reciprocal tariffs in April. Otherwise, we will face severe hardship from August 1," K Satyanarayana, an aquaculture farmer from Amalapuram in the Konaseema region of Andhra Pradesh, told <em>DH</em> on Wednesday.</p>
