US tariffs impact on jobs: Nearly 3 lakh workers at risk in textiles and gems, here’s what experts say
Sunday, 17 August 2025 () New US tariffs on Indian exports spark debate among staffing specialists, with concerns raised about potential job losses in sectors like textiles and gems. While some predict significant impact, others emphasize India's domestic demand and trade diversification as mitigating factors. Uncertainty persists, leading companies to adopt cost-control measures and cautious hiring strategies.
President Trump has imposed 50% punitive tariffs on India, accusing New Delhi of “funding Russia’s war machine” through increased oil imports from Moscow. The move threatens $48.2 billion worth..