Trump Tariffs Put Diamond Trade in Worst of Both Worlds 

The market yearned for clarity. It got more uncertainty at a higher price.
Trump standing in the foreground of a diamond atop a flag of India image

When this reporter started writing this story, tariffs on imports on Indian goods into the US were 10% and were going to rise to 25% on August 7. By the time the article was done, US President Donald Trump had announced this would increase to 50% on August 27. The pace of change and depth of uncertainty are the cause of the pain the trade is feeling.

Only now, that insecurity is combined with sky-high tariffs, for the short term at least.

America’s levies on Indian products are devastating for the diamond industry. The south Asian country manufactures more than 90% of the world’s polished stones…

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Trump Tariffs Put Diamond Trade in Worst of Both Worlds 

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