August 27, 2025

Big news from the global trade front! The United States has slapped a whopping 50% tariff on Indian imports, and this hammer is hitting India's gems and jewellery sector hard. Raju Mangodiwala, president of the Jaipur Jewellery Association, made waves on Wednesday by warning about a big shakeup in this glittering business. "Trump's tariff will have an impact on India, particularly on the gems and jewellery sector," Mangodiwala told ANI. There's a wave of fear sweeping through the people connected to this trade. But hope is not lost! He firmly believes Prime Minister Narendra Modi will come up with a smart solution soon. To put this in perspective, the Jaipur gems and jewellery trade with the US amounts to a jaw-dropping Rs 11 to 12 lakh crores! Mangodiwala added, "If trade routes open to Russia or other countries, the impact of these tariffs can be mitigated." The trouble doesn't stop with jewellery. Zakir, a garment businessman, shared his worries too. "There is a deep concern among garment traders about the tariff imposed by America. It is not possible to sustain his business without the American market," he said. Imagine this: goods that used to cost 1 million dollars have now become costlier by 166 million dollars because of these tariffs! That's a massive hit for any trader. These 50% tariffs officially came into effect on Wednesday after the U.S. Customs and Border Protection (CBP) put out a draft notice. The move is linked to President Trump's Executive Order 14329 dated August 6, 2025, called "Addressing Threats to the United States by the Government of the Russian Federation." So, why the sudden tariff storm? This order aims to counter threats linked to Russia, but the ripples are now shaking Indian exports. Traders from Jaipur to the garment markets are bracing themselves for tough times. Will the Indian government open new trade gates or negotiate to ease this burden? Everyone is watching closely. One thing is sure – the sparkle of Jaipur’s gems is under a serious cloud now!

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Tags: Us tariffs, India gems and jewellery, Jaipur trade, India-us imports, Economic impact,