Current Affairs - Economy - Discussion

The India Shrimp Tariff Act, introduced by US Senators Bill Cassidy and Cindy Hyde-Smith, aims to protect Louisiana’s shrimp and catfish industries from the impact of cheap shrimp imports from India. Lawmakers argue that Indian shrimp has been “dumped” into the US market at very low prices, hurting local producers, processors, and related jobs. By imposing tariffs, the Act seeks to create a level playing field, ensure fair competition, and safeguard Gulf Coast seafood industries. While this move supports domestic producers, it could also heighten trade tensions between India and the US, potentially leading to disputes at the WTO.