US President Donald Trump signed an executive order pushing back the 9 July deadline for imposing “reciprocal” tariffs to 1 August, while simultaneously rolling out updated tariff notices to a dozen countries.

The original plan—known as the “Liberation Day” tariffs—stemmed from an 2 April national emergency declaration aimed at addressing the U.S. trade deficit. Under that policy, a 10% baseline tariff, together with higher country‑specific rates, was to take effect in early April.

After a 90-day suspension expired at 12:01 a.m. EDT on 9 July, Trump chose to extend the pause another three weeks, defining the new cutoff as 12:01 a.m. EDT on 1 August.

Meanwhile, GJEPC has actively engaged both government officials and global industry leaders, sounding the alarm on the potential impact of U.S. tariffs on India’s gem-and-jewellery exports. Through workshops and high-level dialogues, GJEPC has underscored India’s vital role in the global value chain and pressed U.S. and Indian officials to prioritise continued access and dialogue, given the sector’s contribution to billions in annual export revenue.