US Tariff Hits Indian Jewellery Exports – $10B Trade at Risk

On April 2, the US imposed a 26% reciprocal tariff (up from 6%) on Indian gems & jewellery. This sudden hike has halted exports, with US buyers putting all orders on hold. 🔻 Impact Snapshot: - US accounts for $10B of India’s jewellery exports (FY24) - SEEPZ exports: 64% to US (~$3.5B) - Tariff on $1M shipment: ↑ from $60,000 to $320,000 - Exporters: Facing severe cash flow strain - Retailers: Already stocked till Mother’s Day, not placing new orders 🕒 What’s Next? - Industry expects resolution in 3 months - A 10% tariff may be a workable compromise - Other markets (China, Middle East) offer limited relief due to global uncertainty and gold price volatility 📉 Stocks to watch:

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