Editor’s Note
This article highlights the acute distress within Surat’s diamond industry following a proposed U.S. tariff hike. The potential policy shift underscores how international trade decisions can directly threaten local economies and livelihoods, prompting urgent calls for governmental intervention.
Surat’s diamond exporters have issued an urgent appeal to the Indian government following the announcement of a proposed 50% tariff on diamond imports by former US President Donald Trump. The potential tariff, described as a “body blow” to the industry, threatens the survival of numerous businesses in Surat, a global hub for diamond cutting and polishing.
The industry is seeking immediate intervention from the Indian government to engage in diplomatic negotiations to avert the tariff, which could severely disrupt exports to the United States, a key market.