The Trump administration increased tariffs on imports from India to 50 percent. It will likely disrupt the international diamond trade and potentially lead to increases in retail prices in America.
Global Economy
By Keith Collins
India has been one of the biggest suppliers of diamonds to the United States for years — and that pipeline is now at risk.
The flow of diamonds from India to the United States dropped significantly after President Trump imposed new duties on imports from the country in April, as part of his global rollout of tariffs.
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