Trump’s large tariffs include a 10% gathering for diamond imports, though many other minerals are not included in the duties.
The diamond trade industry, the cost of which $ 82 billion, has stopped due to the tariffs of American president Donald Trump. In particular, the supply of diamonds through the trading center to precious stones in the Belgian city of Antwerp was reduced to about a seventh from the standard level. It reports about it Financial periods.
Trump’s large tariffs include 10% of the collection for diamond imports, though many other minerals, including gold and copper, are not included in the duties. Despite the fact that the White House has suspended tariffs within 90 days, the main 10% of the duties are valid.
According to the Renteters company, the sun -supplies of diamonds form only the seventh of the standard level.
According to analysts, the Global Trade War will hit the general demand for diamonds, which has slightly began to recover after many difficult years, and also created a major problem with the supply chain.
India, whose large polishing industry is processing more than 90% of the world’s diamonds can be specially influenced. The Indian export industry industry will suffer if the United States introduces a 27% tariff for Indian goods.
The only part of the diamond supply chain located in the United States is the process of certification under the threat.
Meanwhile, the world’s largest retail sells with Signet Jewlers’ diamonds informed its suppliers on April 4, not covering the costs associated with new tariffs.
The company will try to complete the delivery of orders to the United States as quickly as possible “with an accent for April and May.”
We remind you that China suggested that the EU be united against Trump. The total relationship with China’s trade and the EU forms more than one third of the world’s general trade.
China urged Trump to cancel duties and “fix errors”
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.