A pivotal US Supreme Court ruling dismantling Donald Trump’s tariffs has ignited hope across India’s industrial landscape. From New Delhi, experts foresee amplified exports, resilient US trade partnerships, and fresh employment vistas in critical areas like gems, textiles, and manufacturing.
Leading the cheers is Nainesh Pacchigar, Chairman of IBJA Gujarat, who called the tariff nullification ‘a monumental relief for gems and jewellery.’ Post-trade deal, diamonds enjoyed duty-free status, yet jewellery bore 18% weight—now lightened considerably.
‘Should tariffs vanish permanently, exports will flourish, empowering our sector long-term,’ Pacchigar remarked. He underscored job multiplication for artisan communities reliant on these crafts.
The US executive’s counter-strategy awaits scrutiny, but Gujarat Chamber’s Rajesh Gandhi is bullish. Uniform 10% tariffs would catalyze growth: ‘Textiles and manufacturing gain unbeatable edge in America.’
Trade representatives in fabrics and commerce reinforced this, hailing parity in duties for equitable competition, optimized flows, and India’s elevated US market stature. As the dust settles, this legal triumph positions India for sustained economic upliftment.