Donald Trump’s 26% Tariff Hike Threatens India’s Diamond & Jewellery Exports | Trade War | N18G

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At a time when the Indian diamond industry is struggling with a severe recession, the Trump administration’s decision to impose a 26% reciprocal tariff on gems and jewellery exports from India to the US has sent shockwaves through the industry. With over $10 billion worth of polished diamonds and jewellery exported annually to the US, this tariff threatens to cripple the sector, leaving both Indian exporters and American buyers facing severe repercussions.

The Gems and Jewellery Export Promotion Council (GJEPC), India’s apex body for the sector, has expressed deep concerns over the impact of the tariff. The council warns that the new tariff will significantly burden Indian exporters, increase costs for American consumers, and disrupt the supply chain of high-value jewellery products.


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Source: Reuters

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