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US tariff hike leaves thousands of Gujarat diamond workers unemployed

The diamond cutting and polishing industry in Gujarat’s Saurashtra region is facing one of its worst crises in recent history, with nearly one lakh workers losing their jobs since April. The downturn began after the United States imposed a 10 percent base tariff on Indian goods, and the situation has worsened dramatically following a tariff increase to 25 percent. Industry experts warn that an even steeper 50 percent rate is expected to take effect from

Finance & Economics

12 Aug 2025 09:53 AM 712 views

US tariff hike leaves thousands of Gujarat diamond workers unemployed

The diamond cutting and polishing industry in Gujarat’s Saurashtra region is facing one of its worst crises in recent history, with nearly one lakh workers losing their jobs since April. The downturn began after the United States imposed a 10 percent base tariff on Indian goods, and the situation has worsened dramatically following a tariff increase to 25 percent. Industry experts warn that an even steeper 50 percent rate is expected to take effect from

Finance & Economics

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#junagadhlayoffs

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US tariff hike leaves thousands of Gujarat diamond workers unemployed

US tariff hike leaves thousands of Gujarat diamond workers unemployed

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