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Economy News

The Economic Times

Economy / The Economic Times

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India's jewellers get a US tariff breather, but the real pain isn't over

India's gem and jewellery exporters welcomed the US decision to retain the additional tariff on Indian shipments at 10%, giving them a tariff advantage over several rivals. However, the industry warned that total duties of up to 16% will continue to hurt exports and has urged faster India-US trade deal negotiations.

25 Jul 2026 2:53 pm