Indian Jewellery Exports Face Major Hit After 50% U.S. Tariff
While in the broader sense, the overall tariff hike on Indian imports by the US will be 27 per cent, the $32 billion gems and jewellery sector will be one of the most affected since import tariffs may be up to 20 per cent from the current zero per cent on loose diamonds and 5.5-7 per cent on gold jewellery, industry officials said.
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