Indian shrimp businesses sailing in troubled waters

GANAPAVARAM, India — Turbulence unleashed by US tariffs could rock global shipments of shrimp to the United States, with exporters in biggest supplier India saying they endanger 2,000 containers packed with the frozen delicacy.

India's shrimp industry is staring at an additional tariff of 26 percent, which threatens a thriving $7 billion seafood export market heavily reliant on US supermarket chains as buyers look to renegotiate rates.

Farmers are seeing demand dry up amid the uncertainty as exporters have cut offer prices by one-tenth since the tariffs.