The American Gem Trade Association (AGTA) has warned members about proposed U.S. tariffs that could affect gemstone and jewellery imports from India and other key trading partners.
According to AGTA, the U.S. Trade Representative (USTR) has proposed tariffs of 10% or 12.5% on nearly all imports linked to forced labour following a Section 301 investigation covering 60 trading partners, including India, Sri Lanka, Thailand, Cambodia, Australia and the European Union.
The proposed measures are intended to replace the temporary 10% global surcharge currently in effect through 24 July. AGTA noted that gemstones are not included in the list of exempted products.
The proposal remains subject to public comment, hearings and further review in July.
AGTA also highlighted USTR’s proposal to establish a new U.S.-China Board of Trade, which could help identify products eligible for future tariff modifications. The association said it is assessing potential implications and opportunities for the gemstone sector.