Donald Trump doubles tariffs on India: Gems & jewellery industry calls it 'doomsday'; looks to shift manufacturing to low tariff nations like UAE
Thursday, 7 August 2025 () India's gem and jewellery industry is reeling from US President Trump's decision to double import tariffs to 50%. The industry plans to establish manufacturing units in the UAE and Mexico to circumvent the high tariffs and maintain access to the crucial US market. Industry leaders fear significant disruptions and job losses if alternative routes aren't established swiftly.
Trump has threatened to "substantially" raise tariffs on India if it continues large-scale imports of discounted Russian oil. The warning comes amid rising U.S. pressure on nations bypassing Western sanctions on Moscow. Trump’s remarks have sparked concern in New Delhi, which defends its energy...
Trump’s tariff plan just won again with Apple CEO Tim Cook’s announcement to increase their already staggering $500 Billion pledge by a massive $100 Billion more. Today, we’re breaking down some..
Donald Trump has declared that “billions are flowing into America” due to his latest round of tariff hikes, which took effect August 7. Claiming an economic windfall, Trump said the tariffs will..
Just a day after Trump’s harsh new tariffs on India, NSA Ajit Doval met Russian President Vladimir Putin in Moscow to reaffirm and expand the India–Russia strategic partnership. With U.S. pressure..
Thursday, 7 August 2025 ()
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