
US tariff shock: Gujarat’s diamond hubs suffer as export orders dry; 1 lakh jobs gone
Nearly 100,000 diamond cutting and polishing workers in Gujarat’s Saurashtra region have lost their jobs since the United States imposed a 10% baseline tariff in April, according to Gujarat’s Diamond Workers Union. According to ET, the union’s vice-president, Bhavesh Tank, said that the pace of layoffs accelerated over the past 10 days, when the tariff…