The recent imposition of a 27% tariff on Indian gems and jewellery imports by the US is likely to significantly reduce demand in its largest export market, causing potential job cuts in the heavily manual labor-dependent industry. Exporters anticipate that without favorable trade negotiations, there could be a 30-50% decline in US exports.
Related Posts
‘Has intent to interfere’: Canada alleges India could meddle in elections
Canada has accused India of intent and capability to interfere in its upcoming general election. The Canadian Security Intelligence Service (CSIS) cited concerns over potential […]
‘Attacked us, set everything on fire’: Survivors recall Murshidabad horror
Following violent clashes in Murshidabad, West Bengal, triggered by protests against the Waqf (Amendment) Act, displaced families recount harrowing experiences of destruction and fear. Homes […]
Pradhan defends UGC 2025 draft, calls Cong claims ‘lies’
The UGC’s draft guidelines on faculty recruitment and promotions have sparked political conflict between states like Tamil Nadu and Kerala, who claim increased control for […]