Kolkata: Two of Indian top foreign exchange earners, the Gems & Jewellery and Textiles Sectors, have seen contrasting impact from the Trump administration’s tariff decision. In gems & jewellery, orders from the USA have declined by 70% since April 05 when the 10% baseline tariff came into effect, forcing the units in Mumbai's Santacruz Electronics Export Processing Zone (SEEPZ) to send about 50,000 contract workers on leave, said industry executives.
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