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New Delhi: United States President Donald Trump’s trade tariffs have reportedly cost Andhra Pradesh approximately Rs 25,000 crore in shrimp exports, with government officials saying that about 50% orders were cancelled.

According to a report by The Indian Express, with the tariff burden now standing at nearly Rs 600 crore on about 2,000 containers, chief minister Chandrababu Naidu has sought the Union government’s intervention to alleviate the distress that the export crisis has caused in the state.

Washington had announced a whopping 50% tariff for exports to the US – 25% as what Trump has called a “reciprocal” rate in response to India’s tariffs, and an additional 25% as “penalty” because India continues to import oil from Russia. On top of that, there is also the 5.76% countervailing duty and 3.96% anti-dumping duty, taking the........

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