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New US tariffs threaten Jaipur's $1.54B-$1.65B gems and jewelry trade, worrying local traders.
Jaipur traders are worried about new US tariffs on Indian imports, especially affecting the gems and jewellery sector.
The 50% tariffs, which took effect on August 27, threaten a trade worth around $1.54 billion to $1.65 billion.
Traders fear they cannot sustain without the US market, with some already reporting increased costs making business difficult.
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Los nuevos aranceles estadounidenses amenazan el comercio de gemas y joyas de Jaipur de $1.54B-$1.65B, preocupando a los comerciantes locales.