Reciprocal trade & tariffs add fuel to the flame!
Global trade uncertainties pull down GJ exports of India! Donald Trump feel, “For many years, the United States has been treated unfairly by trading partners, both friend and foe. This lack of reciprocity is one source of our country’s large and persistent annual trade deficit in goods- closed markets abroad reduce United States exports and open markets at home result in significant imports.” This policy has brought additional uncertainties in the global trade. Well Nirmala Sitharaman, FM-India has assured India’s Gem & Jewellery (GJ) exports yet, along with several global weaknesses, including geopolitical risk, reciprocal trade and tariffs of US adds fuel to the flame! Overall, all these weaknesses & uncertainties restricted India’s GJ Exports for the month of February. No doubt, Import also seen tumbled accordingly in the month of February 2025. Over all export-imports (Exim) both, remains weak! The overall gross exports of Gems & Jewel...