A wave of anxiety has gripped India's diamond polishing hub of Surat, as hefty U.S. tariffs threaten to undermine the country's gem and jewellery exports, putting at risk the livelihoods of thousands of workers.

The United States has flagged concerns over India's increasing and burdensome import-quality requirements, among its many barriers to trade, in a report released two days before planned U.S. reciprocal tariffs take effect.

The United States has revised downwards the import duties to be imposed on India from 27 per cent to 26 per cent, according to a White House document. These duties will come into force from April 9. While announcing the reciprocal tariffs against different countries on Wednesday,

India is expected to benefit India's apparel and textile sectors, making it a favorable destination. Higher tariffs on competitors like Vietnam , China and Pakistan.

Donald Trump' 27 per cent tariff on India may be better positioned compared to key competitors such as China, Vietnam, Bangladesh, and Indonesia. Here's how

The South Asian nation is feeling the heat as the White House gears up to launch stiff reciprocal tariffs on April 2, what Trump has called “Liberation Day.”

The U.S. has imposed a 26% tariff on imports from India, dealing a blow to New Delhis hopes for leniency under President Donald Trumps global trade policies. A baseline 10% tariff begins Saturday, with the full

WASHINGTON, DC – U.S. President Donald Trump on April 2 announced a sweeping 26% “reciprocal tariff” on Indian imports, citing New Delhi’s “very tough” trade policies. The move comes as part of a broader tariff strategy, with the U.S. imposing higher duties on several nations, including 34% on China and 46% on Vietnam.

Ahead of April 2 when Trump will be announcing reciprocal tariffs, Invezz caught up with Dr Devendra Pant, chief economist at India Ratings to to gain insights into what to expect for the Indian economy.

The consensus is imports of both ingredients and equipment will become more expensive and exports of food products and equipment will be hurt.

India’s oil imports from Russia increased on a month-on-month basis in March even as the threat of the US imposing sanctions on buyers of Russian crude loomed large.