VISAKHAPATNAM, India — 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.
At least, it used to come from India. The industry has been skewered by President Trump's tariffs applied on many Indian sectors. They were initially set at 25% in August, then doubled , weeks later, to 50%, to punish the Indian government of Pr