The Indian gem & jewellery industry is assessing the impact of the U.S. administration’s reciprocal tariffs, which aim to address trade imbalances globally. While GJEPC acknowledges these measures, it calls for maintaining the strong trade ties between India and the U.S., built on mutual respect and economic cooperation.
The recently announced 26% tariff on Indian gem & jewellery exports to the U.S. poses a significant challenge for Indian exporters and American consumers. Given India’s USD 10 billion jewellery exports to the U.S., this policy could reshape supply chains and hinder trade volume in the short term.
GJEPC urges the Indian government to accelerate the Bilateral Trade Agreement with the U.S. to secure the sector’s long-term growth. Additionally, the council is actively working with stakeholders to mitigate risks and advocate for balanced solutions that ensure continued access to the U.S. market.
