The duties imposed by Donald Trump do not only hurt foreign countries, but also the US, with US shelves slowly emptying a range of products, which will now be sold in smaller quantities or not at all. Bloomberg has gathered all those products that could be missing from American shelves as businesses weigh the cost of additional duties and are thinking of reducing their report to the US. For example, the cessation of 90 days has given Indian exporters of gemstones and jewelry to the US, but problems are expected to be channeled into the US market. A 10%universal duty, lower than the 26%initially announced for India, would continue to affect gemstones such as bulk diamonds, which are sold with 3%-5%profit margins, said Financial Express, citing Kirit Bhansali Council. Textile producers in Bangladesh report that their buyers […]
Source: News Beast
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