Export-oriented shrimp, textiles stocks slide up to 12% after Trump’s 50% tariff takes effect

Indian shrimp and textile exporters faced a significant downturn, with shares plummeting up to 12% following U.S. President Trump’s imposition of a 50% tariff on Indian imports. This move, effective Wednesday, has eroded India’s competitiveness, particularly in key sectors like apparel and seafood, where competitors face lower tariffs.