Gazing impact of Trump trade tariffs to mitigate!
Suggesting urgent policy drive can mitigate the tariff shocks Colin Shah, Founder and Managing Director of Kama Jewelry suggested his perspectives to mitigate the Tariff shocks. India’s product exports to the U.S. are at risk, with estimates indicating a possible reduction this year to $49.6 billion from close to $87 billion in 2024–25 since two-thirds of value exports to the U.S. will be subject to 50% tariffs. This threatens India's gems and jewelry industry specially, as America is its largest market, worth over $10 billion driving almost 30% of the industry's entire global trade. Exports to America could drop by more than 50% since these tariffs are put in effect, risking both revenues and jobs in major manufacturing clusters. A comprehensive urgent policy drive can mitigate the tariff shocks confronting India's gems and jewelry sector, safeguard jobs and maintain its world leadership. USA tariff headwinds have threatened the Indian natu...