GANAPAVARAM, India/GUAYAQUIL, Ecuador: Turbulence unleashed by President Donald Trump’s 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.
But Ecuador, thousands of kilometers nearer to the United States faces a lower tariff rate and stands to benefit, the exporters say, as shrimp is its most important export after oil.
India’s shrimp industry is staring at a tariff of 26 percent under Trump’s July plan, which threatens a thriving $7-billion seafood export market heavily reliant on US supermarket chains such as Walmart and Kroger as buyers look to renegotiate rates.
Farmers are seeing demand dry up amid the uncertainty as exporters have cut offer prices by a tenth since the tariffs.
“We are suffering huge losses,” said S.V.L. Pathi Raju, 63, standing by the aquaculture pond where he feeds and grows shrimp in India’s southern coastal state of Andhra Pradesh.
“We don’t know who can resolve our price issues,” added Raju, one of several families in the state’s remote village of Ganapavaram grappling with dwindling sales to exporters.
Many also face high payments for shrimp feed and rentals for the land where the saline ponds have been set up.
“I am not sure how I will sustain prices,” said another farmer, 60-year-old Uppalapati Nagaraju, adding that he had been entirely unaware of the concept of tariffs.
“Had I known, I would not have started my cultivation.”
In the face of erratic demand from exporters, he now regrets having begun shrimp cultivation just 15 days before the tariff news. Although Trump has delayed the 26 percent rate until July, even the current rate of 10 percent has made exporters skittish.
The United States and China are among India’s major markets for seafood exports that touched $7.3 billion last year, on a volume of 1.8 million metric tons that was an all-time high.
Shrimp formed the major component, with the 300,000 farmers of Andhra Pradesh contributing the most to industry supplies, accounting for 92 percent of India’s seafood exports of $2.5 billion last year to its biggest market, the United States.
Industry representatives have joined a state government panel weighing the impact of tariffs and looking for ways to boost exports to other countries, such as China.
But the exporters fear Ecuador’s competitive edge from Trump’s planned lower tariff rate of 10 percent for the South American nation, particularly since it is much closer to the United States, its second biggest market for shrimp.
Yet Ecuadorean producers, with $1.55 billion in shipments in 2024, are less optimistic.
Although US consumers have fueled growth in the area of processed shrimp, Ecuador has yet to attain the capacity to replace India’s production, said Jose Antonio Camposano, president of its National Chamber of Aquaculture.
India “will be obliged to look for other markets where Ecuador is selling, like China and the European Union, so we’ll have more pressure in other markets,” Camposano added.
JOURNEY OF 40 DAYS
Reuters visited one Indian factory where shrimp was washed and machine sorted automatically by size before a manual quality check by workers in masks and gloves. Then a conveyor belt whisked the seafood away to be quick-frozen.
Thousands of tons of frozen shrimp leave Andhra Pradesh each year on a voyage that usually takes 40 days to arrive at ports in New York, Houston and Miami, en route to restaurants and the shelves of retailers such as Safeway and Costco.
The chief of India’s seafood exporters group, G. Pawan Kumar, said he was worried about shipping containers already packed with frozen produce at previously agreed rates now set to be renegotiated by US buyers following the tariffs.
“Ten percent is high, we exporters operate on a 3 percent to 4 percent margin,” said Kumar, president of the Seafood Exporters Association of India, which is pushing the government to win the industry exemptions in trade talks with the United States.
“It’s game over” for the Indian industry if the tariff rate of 26 percent takes effect in July, said one shrimp exporter, who spoke on condition of anonymity.
He was in talks with US clients who did not want to fully absorb the 10 percent tariff, he said, pointing to the risk of earning no profit if he had to sell 130 shipping containers already packed.
In Texas, the seafood section at a Walmart supermarket was piled high with packs of frozen shrimp, among them a “jumbo” variant labelled a product of India and priced at $7.92, under Walmart’s own “Great Value” brand.
“We have built long-lasting and deep relations with suppliers over the years,” said Latriece Watkins, the chief merchandising officer for Walmart in the United States. “We expect that to continue, going forward.”
Indian shrimp industry sails in troubled waters after Trump tariffs
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Indian shrimp industry sails in troubled waters after Trump tariffs

- Farmers are seeing demand dry up amid the uncertainty as exporters have cut offer prices by a tenth since the tariffs
Thai ex-PM Yingluck ordered to pay $305 million in damages over rice scheme

- Yingluck is one of four members of the billionaire Shinawatra family to have served as prime minister
- She has been living overseas to avoid jail for failing to prevent corruption in the rice scheme
The program, a flagship policy of her populist Pheu Thai party, cost the state billions of dollars and led to millions of tons of rice going unsold. Thailand is the world’s second-largest rice exporter.
Thursday’s ruling was on Yingluck’s appeal against a previous order to pay 35 billion baht ($1.07 billion) in damages to the finance ministry.
“The accused performed duties with gross negligence that caused damage to the state and therefore must pay compensation,” the Supreme Administrative Court said, adding the previous order exceeded the legal threshold of her responsibility and was unlawful. Yingluck 57, came to power in 2011 after a landslide election victory and resigned just days before her government was ousted in a coup in 2014. She is the aunt of current Prime Minister Paetongtarn Shinawatra and younger sister of former premier and political heavyweight Thaksin Shinawatra. Thursday’s verdict comes less than two years after her family’s Pheu Thai party returned to power after a decade in the political wilderness, coinciding with influential brother Thaksin coming home after 15 years in self-exile to avoid jail.
The Shinawatras have consistently denied wrongdoing and have long maintained they have been victims of political vendettas by powerful figures in the conservative establishment and royalist military.
Yingluck on Thursday said the order to pay 10 billion baht was excessive.
“Even if I repaid it my entire life, it would never be enough,” she said on social media. “I will continue to demand and fight for justice.”
North Korea’s second naval destroyer damaged in a failed launch attended by Kim Jong Un

- Disclosure of the failed ship launch suggests that Kim Jong Un is serious about his naval advancement program
- The damaged vessel was likely the same class as the country’s first destroyer unveiled last month
SEOUL: North Korea’s second naval destroyer was damaged in a failed launch this week, state media reported Thursday, sparking fury from leader Kim Jong Un, who wants bigger warships to deal with what he calls escalating US-led threats against his country.
It’s not common for North Korea to acknowledge military-related setbacks, but observers say the disclosure of the failed ship launch suggests that Kim is serious about his naval advancement program and confident of ultimately achieving that objective.
During a launching event at the northeastern port of Chongjin on Wednesday, the newly built 5,000-tonne-class destroyer became unbalanced and was punctured in its bottom sections after a transport cradle on the stern section slid off first and became stuck, according to the Korean Central News Agency.
KCNA didn’t provide details on what caused the problem, the severity of the damage or whether anyone was injured.
According to KCNA, Kim, who was present at the ceremony, blamed military officials, scientists and shipyard operators for a “serious accident and criminal act caused by absolute carelessness, irresponsibility and unscientific empiricism.” Kim called for a ruling Workers’ Party meeting slated for late June to address their “irresponsible errors.”
The destroyers are North Korea’s most advanced warships
“It’s a shameful thing. But the reason why North Korea disclosed the incident is it wants to show it’s speeding up the modernization of its navy forces and expresses its confidence that it can eventually build” a greater navy, said Moon Keun-sik, a navy expert who teaches at Seoul’s Hanyang University.
Moon suspected the incident likely happened because North Korean workers aren’t yet familiar with such a large warship and were rushed to put it in the water.
The damaged vessel was likely the same class as the country’s first destroyer unveiled last month, which experts assessed as North Korea’s largest and most advanced warship to date. Kim called the first vessel, named Choe Hyon – a famed Korean guerilla fighter during the Japanese colonial period – a significant asset for advancing his goal of expanding the military’s operational range and nuclear strike capabilities.
State media described that ship as designed to carry weapons systems including nuclear-capable ballistic and cruise missiles. Kim said the ship was expected to enter active duty early next year and later supervised test-firings of missiles from the warship.
Satellite photos show the partially submerged destroyer
Lee Sung Joon, spokesperson for South Korea’s Joint Chiefs of Staff, said Thursday that the damaged vessel was likely equipped with similar systems and remains toppled over in the sea. An Associated Press analysis of Planet Labs PBC images taken Thursday showed the ship partially submerged on its side with tarpaulins draped over the wreckage.
Earlier commercial satellite images indicated that the country was building its second destroyer at a shipyard in Chongjin.
Beyond Parallel, a website run by the Center for Strategic and International Studies think tank, said the satellite imagery of Chongjin’s Hambuk shipyard on May 12 showed that a second vessel in the Choe Hyon-class of guided missile destroyers was under construction.
A report by the North Korea-focused 38 North website assessed last week that the destroyer in Chongjin was being prepared to be launched sideways from the quay, a method that has been rarely used in North Korea. The report said the previous destroyer launched at the western shipyard of Nampo, in contrast, used a floating dry dock.
South Korean officials and experts say the Choe Hyon destroyer was likely built with Russian assistance as the two countries’ military partnerships are booming. While North Korea’s naval forces are considered far inferior to those of its rivals, analysts say the destroyer with nuclear-capable missiles and an advanced radar system would still enhance the North’s offensive and defensive capabilities.
Kim has framed the arms buildup as a response to perceived threats from the United States and South Korea, which have been expanding joint military exercises in response to the North’s advancing nuclear program. He says the acquisition of a nuclear-powered submarine would be his next big step in strengthening the North Korean navy.
Hours after releasing the report on the damaged destroyer, North Korea test-fired multiple cruise missiles from an area about 300 kilometers (185 miles) south of Chongjin, according to South Korea’s military. The launches were a continuation of a streak of weapons-testing activities by North Korea in recent years. South Korea’s Joint Chiefs of Staff said the launches were being analyzed by South Korean and US intelligence authorities.
Vietnam says ‘positive progress’ in trade talks with US

- The Vietnamese team sought help during its time in the United States from US tech and industry giants, including Lockheed Martin, SpaceX and Google
- Trump visited the Vietnamese capital in 2019 for his abortive second summit with North Korean leader Kim Jong Un
HANOI: Vietnam said on Thursday "positive progress" has been made in trade talks with Washington, as it tries to slash President Donald Trump's threatened 46 percent levy imposed on the country in his global tariff blitz.
The ministry of industry and trade however said both sides have "groups of issues for further discussion" in the coming rounds of talks, with the next scheduled for early June.
The southeast Asian nation has the third-biggest trade surplus with the United States of any country after China and Mexico and is anxious to address the imbalance to head off the tariff threat.
At the end of three days of talks in Washington, both sides had identified matters of common concern "in the spirit of goodwill, frankness... and balance of interests", the ministry said in a statement on its website.
The Vietnamese team sought help during its time in the United States from US tech and industry giants, including Lockheed Martin, SpaceX and Google.
It also signed an agreement with US company Westinghouse Electric on nuclear power development.
President Trump's real estate group on Wednesday broke ground in Vietnam on a $1.5-billion luxury resort and golf course 40 kilometres (25 miles) southeast of the capital Hanoi.
His son, Eric Trump, an executive vice president of The Trump Organization, and his wife Lara attended the event, as well as local partner the Kinhbac City Development Corporation (KBC).
He is also due to scout locations this week for a potential tower project in Ho Chi Minh City, Vietnam's southern business hub.
Trump visited the Vietnamese capital in 2019 for his abortive second summit with North Korean leader Kim Jong Un.
He described Hanoi at the time as an "incredible city", praising Vietnam for "the job they've done -- economic development".
Record floodwaters in eastern Australia leave 3 dead and 1 missing

- More than 500 people were rescued in the flooding emergency in New South Wales state north of Sydney
- Some New South Wales areas forecast to receive as much as 30 centimeters of rain in the next 24 hours
MELBOURNE: Record floodwaters on Australia’s east coast left three people dead and one missing, officials said Thursday, as more heavy rain was forecast in the area.
More than 500 people were rescued in the flooding emergency in New South Wales state north of Sydney. The area has been hit with heavy rain since Tuesday. The flooding exceeds local records set in 1921 and 1929.
New South Wales Premier Christopher Minns said some areas were forecast to receive as much as 30 centimeters (1 foot) of rain in the next 24 hours. He said 50,000 people were warned to prepare to evacuate or be isolated by floodwaters, telling reporters: “We are bracing for more bad news.”
The body of a 63-year-old man was recovered from a flooded house in Moto in New South Wales on Wednesday afternoon, Fire and Rescue Commissioner Jeremy Fewtrell said. A coroner will determine whether a pre-existing medical condition played a part in his death, he added.
The body of a man, aged in his 30s, was recovered from floodwaters near Rosewood early Thursday, a police statement said. He had disappeared while attempting to drive through a flooded intersection on Wednesday night.
A 60-year-old woman was found dead on Thursday after her SUV became trapped in floodwaters near Brooklana on Wednesday night. The SUV was found earlier on Thursday, police said.
A 49-year-old man also failed to return home after walking near a flooded road at Nymboida on Wednesday night, police said.
Minns said more than 500 people had been rescued from floodwater in just over two days, many after trying to drive across flooded roads.
Emergency Services Minister Jihad Dib said 330 flood rescues were conducted in the past 24 hours. Helicopters have been used to rescue people stranded by floodwaters from rooftops and verandahs.
“We’ve seen more rain and more flooding in the mid-to-north coast area than we’ve ever seen before,” Dib said.
The flooding has hit communities including Taree, Kempsey, Port Macquarie, Coffs Harbor and Bellingen in New South Wales.
Taree received a month’s rain in 24 hours, an official said.
“Up around the Taree area, we’ve seen communities that have never flooded in recorded history now flooding,” Fewtrell said.
The region has opened 14 evacuation centers as of Thursday.
Government meteorologist Angus Hines said a low-pressure weather system had stalled over the flooded region since Monday, bringing 60 centimeters (2 feet) of rain to some parts.
“If it had only been one day and then it had gone, we would have seen some minor or moderate flooding but it wouldn’t have been too bad. But four days in a row of this amount of rainfall and we see this significant and extensive, widespread and major flood event happening in front of our eyes,” Hines said.
The rain was losing intensity on Thursday, Hines said.
European leaders condemn killing of Israeli embassy staffers in Washington

- Two staff members of the Israeli embassy in Washington were fatally shot while leaving an event at a Jewish museum
European leaders issued strong condemnations Thursday following the fatal shooting of two Israeli embassy staffers outside a Jewish museum in Washington, denouncing the act as a barbaric expression of anti-Semitic violence.
German Foreign Minister Johann Wadephul said he was “shocked” by the incident, which occurred late Wednesday. “There is no justification for anti-Semitic violence,” he posted on X.
France’s Foreign Minister Jean-Noel Barrot called the attack “an abhorrent act of antisemitic barbarity.” He wrote on X: “The murder of two members of the Israeli embassy near the Jewish Museum in Washington is an abhorrent act of antisemitic barbarity. Nothing can justify such violence.”
Italian Foreign Minister Antonio Tajani “forcefully” condemned the shooting, describing it as having caused “scenes of terror and violence.” Posting on X, he warned that “anti-Semitism... must be stopped. The horrors of the past must not return.”
The European Union’s foreign policy chief, Kaja Kallas, also expressed shock, emphasizing that “there is and should be no place in our societies for hatred, extremism, or anti-Semitism.” She extended her condolences to the victims’ families and to the people of Israel.