US tariffs to hit Gujarat's gems-jewellery industry; won't affect pharma sector: Industry experts https://www.taxtmi.com/news?id=39677 The US instituted a reciprocal tariff regime increasing duties on specified Indian imports, sharply impacting gems and jewellery by raising US prices for polished diamonds and gold jewellery and threatening demand from a major market. Pharma retains prior zero-tariff treatment and certain chemical pigments and many agro-chemical categories are exempted, potentially improving Indian competitive position versus tariffed competitors. Textiles are expected to see limited domestic disruption due to their production and export pathways. en-us Thu, 03 Apr 2025 21:31:03 +0530 Thu, 03 Apr 2025 21:31:03 +0530 TaxTMI RSS Generator US tariffs to hit Gujarat's gems-jewellery industry; won't affect pharma sector: Industry experts https://www.taxtmi.com/news?id=39677 The US instituted a reciprocal tariff regime increasing duties on specified Indian imports, sharply impacting gems and jewellery by raising US prices for polished diamonds and gold jewellery and threatening demand from a major market. Pharma retains prior zero-tariff treatment and certain chemical pigments and many agro-chemical categories are exempted, potentially improving Indian competitive position versus tariffed competitors. Textiles are expected to see limited domestic disruption due to their production and export pathways. News - Thu, 03 Apr 2025 21:31:03 +0530 https://www.taxtmi.com/news?id=39677