Commerce: importers must offset shrimp subsidies

Published May 29, 2013 11:43pm ET



NEW ORLEANS (AP) — Shrimp subsidies in five nations appear to be undercutting U.S. prices and importers must pay bonds up to nearly 63 percent to offset the subsidies, the U.S. Department of Commerce said Wednesday.

The order affects frozen warm-water shrimp from China, India, Malaysia, Thailand and Vietnam.

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