India-U.S. Trade Agreement to Bring Relief to Gems & Jewellery Exporters: GJEPC
The GJEPC has welcomed the India-U.S, trade agreement announcement, saying the move could ease tariff pressures and provide much-needed relief to India's gem and jewellery exporters/
Trump Slaps 25% Tariff on Indian Exports, Citing Trade Barriers; Diamond Industry Faces Major Blow
In a significant escalation of trade tensions, former U.S. President Donald Trump has imposed a 25% tariff on all Indian exports, effective August 1, delivering a sharp blow to India’s diamond and jewellery sector. Adding to the disruption, Trump also announced an unspecified "penalty" tied to India's continued purchases of military equipment and oil from Russia.
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