Indian shrimp exporters drop on Trump's additional 25% tariff
ReutersAug 7, 2025 4:16 AM
Indian shrimp exporters Avanti Feeds AVNT.NS and Apex Frozen APEX.NS drop 5.2% and 2.5%, respectively
Drop after Trump's executive order imposing additional 25% tariff on goods from India
North America sales form 70% of AVNT's total sales and U.S. accounts for 56% for APEX, as of Dec 2024
AVNT and APEX down 7% and 9%, respectively, since July 31 when Trump imposed initial 25% tariff on Indian imports
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