Indian shrimp exporters slump on Trump's 25% tariff threat, penalty

About this update from Avanti Feeds Limited

** Indian shrimp exporters Avanti Feeds NSE:AVANTIFEED and Apex Frozen Foods NSE:APEX fall 3% and 2%, respectively** U.S. President Donald Trump slaps 25% tariff on Indian imports starting August 1 and an unspecified penalty ** North America accounted for 70% of AVNT's total sales and US accounted for 56% for APEX, as of December 2024** AVNT and APEX slumped as much as 10% in April when Trump first announced reciprocal tariffs on India** YTD, AVNT down 2% vs APEX's 13% decline

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