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US President Donald Trump has imposed a 145% tariff on China, with the intention of taxing other countries as well. A recent spate of announced tariffs has been paused for 90 days while the US negotiates with other countries. Are cautions over tariffs already affecting your business? Should further tariffs go into effect, how will they compound the problem, and are you prepared?
Create your own user feedback surveySurvey: Will Trump’s Tariffs Affect the Diamond and Jewelry Industry?
Help Rapaport Provide the Best Tariff Coverage for Your Business.
The Bottom Line
- The US has implemented a 145% tariff on imports from China affecting the diamond and jewelry sector.
- Additional tariffs on other countries are proposed but currently paused for 90 days during trade negotiations.
- Industry stakeholders are encouraged to provide feedback on how tariffs are impacting their businesses.
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