India’s Gems and Jewellery Exports Hit by U.S. Tariffs

India’s Gems and Jewellery Exports Hit by U.S. Tariffs

India’s $32 billion gems and jewellery industry is bracing for a steep drop in exports as new U.S. tariffs threaten sales to its largest market, industry officials said. The higher duties are expected to reduce demand, impacting businesses and workers in one of India’s key export sectors.

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