Gold Jewellery Industry Voices Concern Over 50% US Tariffs

With the US set to impose an additional 25 percent tariff on Indian gold jewellery exports from August 27, on top of the 25 percent already in effect, industry leaders have expressed deep concern over the mounting pressure on the sector.

- TBG NETWORK

Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council (GJC), said, "The imposition of a 25 percent tariff on Indian gold jewellery exports—already in effect—and the additional 25 percent set to be enforced from 27th August represent a compounded blow to the sector." He warned of severe consequences for artisans. "This steep escalation not only renders our products significantly less competitive in the US market, but more critically, it jeopardizes the livelihoods of thousands of skilled artisans who depend on export demand for their survival. A cumulative 50 percent tariff threatens widespread job losses, destabilizes local economies,