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Trump News: Big Blow To Indian Diamond Industry As U.S. Tariffs Threaten 30% Revenue Cut

Trump’s new 50% tariffs on Indian goods, including Russian oil, have come into effect, posing a major challenge for India’s diamond polishing industry. With already low margins and falling demand in the U.S., this move is set to erode profitability. CRISIL predicts the industry’s revenue will hit its lowest since 2007, dropping by 28-30%. U.S. demand for natural diamonds is also shrinking due to lab-grown diamonds capturing 60% of the market. Experts say exporters may turn to domestic markets or explore new destinations. Watch for full details on how these tariffs impact India’s diamond industry.

#trump #trumptariffs #india #usa

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