Donald Trump Tariffs Impact Indian Gems & Jewellery Exports, Threaten Jobs | India Today News

Описание: The report examines the impact of Donald Trump's tariffs on Indian exports, particularly the gems and jewellery industry. Indian export businesses, which previously thrived on providing cost-effective products to American consumers, are now revising their approaches and seeking alternative solutions. The 50 percent tariff imposed on India has put the entire gems and jewellery industry on shaky ground. Surat, a major hub for diamond cutting and polishing, and Jaipur, India's hub for coloured gemstones, are significantly affected. With orders dropping and salaries slashed, many workers have lost their jobs, and unemployment looms large. The industry faces a critical challenge, as one individual stated, "no government or customer is ready to pay a 50% duty, so problems will have to be faced." The government's free trade agreements with other countries offer a ray of hope, but the road ahead remains uncertain for the sector and its workers.

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