Indian business czars are buzzing over the US Supreme Court’s axing of President Trump’s controversial tariffs, viewing it as a catalyst for export expansion, fortified US-India commerce, and abundant new jobs. The February 21 announcement from New Delhi marks a turning point.
India Bullion and Jewellers Association’s Gujarat Chairman Nainesh Pacchigar lauded the court’s invalidation of the duties. Diamonds already benefited from zero tariffs after a trade accord, yet jewelry endured 18% burdens—now poised for easing.
Pacchigar called it a sector-wide victory for India’s precious stones and ornaments trade. “Full, enduring tariff rollback will skyrocket exports and energize businesses,” he projected, stressing job gains for grassroots craftsmen sustaining families through this work.
The US executive’s forthcoming actions—be it affidavits or litigation—will be watched closely. Gujarat Chamber’s Rajesh Gandhi shared the enthusiasm, foreseeing a 10% tariff cap birthing opportunities galore.
With slimmer duties, India’s offerings will dominate US shelves in textiles, production, and mercantile realms, Gandhi asserted. Apparel and trade advocates nodded in agreement: equitable 10% levies worldwide foster fluid exchanges, sharpened contests, and India’s ascendant US presence.
Amid global trade flux, this verdict empowers India’s exporters with leverage, promising revenue spikes, industrial resilience, and a thriving job landscape ahead.