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The bill, introduced by Senators Bill Cassidy and Cindy Hyde-Smith, seeks to counter what they termed as the dumping of Indian shrimp into US markets, which they argue has hurt Louisiana’s shrimp and catfish industries. Cassidy said the measure would “level the playing field” and protect seafood jobs in his state, while Hyde-Smith noted that unchecked imports have damaged domestic shrimpers, processors, and consumers.
If passed, the legislation could significantly affect Indian shrimp exporters, who already face rising headwinds. Andhra Pradesh Chief Minister N Chandrababu Naidu recently estimated that tariffs imposed by US President Donald Trump may have caused losses of Rs 25,000 crore to the sector, with nearly half of export orders reportedly facing cancellations. He has urged the Centre to extend support to Andhra Pradesh’s aquaculture industry, which is heavily dependent on overseas demand.
The shares of these export-oriented firms had earlier taken a heavy beating after the US raised tariffs on Indian imports to as high as 50%, citing New Delhi’s continued purchases of Russian oil. Trump’s latest remarks, however, lifted sentiment on hopes that the two countries may finally conclude a long-awaited tariff deal.
Prime Minister Modi echoed Trump’s optimism, saying the negotiations could unlock “the limitless potential” of the India-US partnership and secure a “brighter, more prosperous future” for both nations.