EU, not imposing import tariffs on U.S. diamonds
Antwerp Diamond Federation Welcomes EU Decision The Antwerp World Diamond Centre (AWDC), the industry organization representing all Belgian diamond companies, has expressed relief and satisfaction following the European Council’s decision not to impose import tariffs on polished diamonds originating from the United States, as part of its package of countermeasures in response to the U.S. tariffs imposed by President Trump. European import tariffs could have caused significant harm to Belgium’s diamond sector, without meaningfully impacting the U.S. in return. “We are extremely pleased and grateful that our efforts over the past weeks have led to the European Council’s decision not to impose tariffs on U.S. diamonds,” said Karen Rentmeesters, CEO of AWDC. With an annual trading value of $3.9 billion in polished diamonds representing around 16% of Belgium’s total diamond trade, the US is a key trading partner for the Belgian diamond industry. “It i...