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Donald Trump doubles tariffs on India: Gems & jewellery industry calls it 'doomsday'; looks to shift manufacturing to low tariff nations like UAE

IndiaTimes Thursday, 7 August 2025 ()
India's gem and jewellery industry is reeling from US President Trump's decision to double import tariffs to 50%. The industry plans to establish manufacturing units in the UAE and Mexico to circumvent the high tariffs and maintain access to the crucial US market. Industry leaders fear significant disruptions and job losses if alternative routes aren't established swiftly.
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News video: Breaking: Trump Threatens To ‘Substantially’ Raise Tariffs On India Over Russian Oil | US Vs India

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