Donald Trump doubles tariffs on India: Gems & jewellery industry calls it 'doomsday'; looks to shift manufacturing to low tariff nations like UAE
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.
India’s Ministry of External Affairs (MEA) has finally addressed the rising buzz around Donald Trump’s proposed tariffs on Indian exports. During a high-level media briefing that followed Prime Minister Modi’s meeting with Philippine President Ferdinand Marcos Jr., the MEA clarified that no...
Tensions between Washington and Moscow are escalating as U.S. jets intercepted a Russian IL-20 “Coot” spy plane near Alaska’s Air Defense Identification Zone. NORAD scrambled an E-3 Sentry, F-16..
The India-US relationship has entered turbulent waters after US treasury secretary Scott Bessent warned that despite being “very complicated,” the two nations would eventually “come together.”..
In a dramatic turn, the Kremlin has called for details of Ukraine peace talks to remain strictly confidential. Spokesman Dmitry Peskov warned that public debate could derail negotiations, stressing..
Thursday, 7 August 2025 ()
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