Trump Tariffs on India: Avanti Feeds, Apex Frozen, Waterbase, other seafood stocks slump up to 11% amid higher tariffs

Shares of shrimp feed companies fell during Thursday’s trading session as the extra 25% tariff imposed by the Trump administration on Indian exports took effect on August 27. As a result, the overall tariff on Indian exports to the US has reached 50%. Seafood companies like Avanti Feeds, Apex Frozen Foods, and Waterbase derive between 50% and 60% of their revenue from the US market.