US President Donald Trump’s announcement to impose 25 per cent tariffs on Indian goods will significantly impact the country’s gems and jewellery industry, including over 1 lakh jobs in the sector, according to a report by ANI.
“The handmade jewellery exports could be hit hard. These products may no longer be accepted or sold there,” said Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council.
When the US levied a 10 per cent tariff earlier, nearly 50,000 workers in the industry reportedly were affected, he added.