Trump Tariff: Preparations are being made to give India another major blow from America. After the decision to impose heavy fees on H-1B visas, now American senators have proposed to impose tariffs on India’s shrimp exports. Republican Senator Bill Cassidi and Cindy Hyde-Smith have placed the “India Shrimp Tariff Act” in the US Congress.
Senators allege that India is exporting shrimp to the US market by resorting to unfair trade practices. This is causing huge losses to Louisiana’s shrimp and catfish industry. Cassidi said, “This bill will protect our seafood industry and thousands of jobs related to it. Indian shrimp companies are dumping in the US while our local producers are working on more high standards.”
Senator Hyde-Smith also expressed concern that Belgaum Shrimp Export has affected the American shrimp industry, processors and customers. He says that this law will provide a “equal ground” to the domestic industry for competition in the market.
Earlier, Cassidi also took up the case during the hearing of the Senate Finance Committee last week. He had received the promise from Jonathan Greenstein, the nominated candidate for the post of Treasury, to support Louisiana shrimp producers. Earlier this year, Cassidi and Republican MPs also introduced a bill to ban rice imports from India and China.
Meanwhile, US President Donald Trump has issued a new order called “ban on entry of some non-migrant workers”. This order announces major changes in the rules of the H-1B visa program, which will be applicable from September 21. Under this, the new application of H-1B visa will have to pay a huge fee of $ 100,000 annually. The Trump government claims that the step is to prevent ‘systemic misuse’.
The H-1B visa rules are feared to increase the financial burden and the weight of compliance on veteran Indian IT companies like TCS, Infosys and Wipro. According to recent data, about 71–72% of the total H-1B visas are available to Indian professionals. It is expected to have the most impact on Indian professionals in Ace.
Experts say it can prove to be a double injury for India. On one hand, tariffs on shrimp exports will affect foreign trade. On the other hand, new conditions on H-1B visa can also harm India’s $ 125 billion Remedy Flow.
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