"America's love affair with shrimp is a cultural touchstone, enough that The Daily Show could air multiple segments out of Red Lobster's $11 million loss after it offered a $20 endless shrimp buffet in 2023 that proved to be too popular. In fact, Americans consume more shrimp than any other seafood, about 5.5 pounds per person, per year, and about 40% of it comes from India. Indian shrimp exports to the U.S. totaled more than $2.5 billion in the 2023-24 fiscal year, according to the Indian Ministry of Commerce."
"They were initially set at 25% in August, then doubled, weeks later, to 50%, to punish the Indian government of Prime Minister Narendra Modi for being one of the world's largest purchasers of Russian oil. Within India, the eastern state of Andhra Pradesh is particularly exposed, because much of its shrimp somewhere between 75% to 85% was exported for the U.S., according to an industry guidebook that used 2023 figures."
Americans consume more shrimp than any other seafood, about 5.5 pounds per person annually, with roughly 40% sourced from India. Indian shrimp exports to the U.S. exceeded $2.5 billion in the 2023-24 fiscal year. U.S. tariffs were raised from 25% to 50% to punish India for purchasing Russian oil, sharply reducing shrimp shipments. Andhra Pradesh exported between 75% and 85% of its shrimp to the U.S. Processing plants cut shifts, leaving many workers without work, unable to pay school fees or rent, and forced to take loans to survive.
Read at www.npr.org
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