Trump Adds Diamonds and Jewelry to US List of Chinese Imports Subject to 10% Tariff
President Donald Trump said that the U.S. is putting 10% tariffs on another $300 billion worth of Chinese goods, effective September 1. This means that starting at the beginning of next month, every single good coming into the U.S. from China, except those with exemptions, will be subject to an import tax. Called the 'tranche four' tariffs, the list includes rough and polished diamonds (whether or not worked), loose 'synthetic ...
precious or semiprecious stones' whether rough or cut and 'suitable for use in the manufacture of jewelry' coming into the U.S. from China. Expectations are that the imposition of tariffs on this list of goods will have an immediate and palpable effect on all consumer goods coming from China, The Diamond Loupe reports.
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