Jewellery, garments, marine goods bore the brunt of US duties in Aug

As the 25 per cent US tariffs on Indian goods kicked in on August 7, the country’s labour-intensive exports, such as gems & jewellery, garments, and marine products, took the maximum hit, according to disaggregated data released by the commerce department.

- ASIT RANJAN MISHRA

During the month, shipments of pearls, precious and semiprecious stones declined 54.2 per cent year-on-year, followed by marine products (-33 per cent), gold and other precious metal jewellery (-18.6 per cent), readymade garments (-13.2 per cent), cotton fabrics and made-ups (-10.1 per cent), drug formulations (-7 per cent), and auto components (~6.6 per cent).