Policies & IssuesJul 20, 2026
Tariffs on Brazil to Increase But Rough Gemstones ExemptPolicies & IssuesJul 22, 2026
Trump to Put 50% Tariff on Canadian Goods
The higher tax is set to go into effect in August and will apply to loose polished diamonds as well as precious and base metals jewelry.
President Donald Trump announced a new 50 percent tariff on imports from Canada that includes loose polished diamonds. The administration said the new taxes are being levied in response to Canada’s decision to place a quota on imports of U.S.-made cheese and automobiles, and the decision by all but two Canadian provinces and territories to pull U.S.-made alcohol from store shelves.
Washington, D.C.—President Donald Trump announced a planned 50 percent tariff on a wide range of Canadian goods in retaliation for what he described as the country’s “discrimination” against American dairy products, alcohol, and automobiles.
The new tariffs, which will not go into effect until mid-August, come amid talks to update the United States-Mexico-Canada Agreement (USMCA).
The president issued three separate proclamations Monday imposing the tax on imports in three categories: dairy, alcoholic beverages, and motor vehicles.
Attached to the president’s proclamation on motor vehicles is an annex containing a long list of products that will be subject to the tariff starting next month.
Among them are: loose polished diamonds (HTS Code 7102.39.00); semi-manufactured .995 silver, including silver plated with gold or platinum (HTS Code 7106.92.10); silver jewelry or parts valued at more than $18 per dozen pieces or parts (HTS Code 7113.11.50); gold necklaces and neck chains, excluding rope and mixed-link chains (HTS Code 7113.19.29); precious metal jewelry that is not silver, including plated jewelry (HTS Code 7113.19.50); and base metal jewelry (HTS Code 7117.19.90).
Notably, the annex does not include rough diamonds, so any diamonds exported from Canada for cutting in another country, like India, ultimately would be considered a product of the country where they are cut and polished and taxed accordingly.
In a member alert sent Tuesday, the Jewelers Vigilance Committee noted that the new tariffs apply to the above-listed products even if they would qualify for duty-free treatment under the USMCA and will be applied on top of any other tariff levied on Canadian goods.
The White House said in a fact sheet that the 50 percent tariffs are set to go into effect 30 days after signing, which would be Aug. 19.
Up-to-date information on current tariff rates is available via the JVC’s Tariff Tracker.
Related stories will be right here …
The new tariffs, which will not go into effect until mid-August, come amid talks to update the United States-Mexico-Canada Agreement (USMCA).
The president issued three separate proclamations Monday imposing the tax on imports in three categories: dairy, alcoholic beverages, and motor vehicles.
Attached to the president’s proclamation on motor vehicles is an annex containing a long list of products that will be subject to the tariff starting next month.
Among them are: loose polished diamonds (HTS Code 7102.39.00); semi-manufactured .995 silver, including silver plated with gold or platinum (HTS Code 7106.92.10); silver jewelry or parts valued at more than $18 per dozen pieces or parts (HTS Code 7113.11.50); gold necklaces and neck chains, excluding rope and mixed-link chains (HTS Code 7113.19.29); precious metal jewelry that is not silver, including plated jewelry (HTS Code 7113.19.50); and base metal jewelry (HTS Code 7117.19.90).
Notably, the annex does not include rough diamonds, so any diamonds exported from Canada for cutting in another country, like India, ultimately would be considered a product of the country where they are cut and polished and taxed accordingly.
In a member alert sent Tuesday, the Jewelers Vigilance Committee noted that the new tariffs apply to the above-listed products even if they would qualify for duty-free treatment under the USMCA and will be applied on top of any other tariff levied on Canadian goods.
The White House said in a fact sheet that the 50 percent tariffs are set to go into effect 30 days after signing, which would be Aug. 19.
Up-to-date information on current tariff rates is available via the JVC’s Tariff Tracker.
The Canadian tariffs are being enacted under section 338 of the Tariff Act of 1930, also known as the Hawley-Smoot Tariff.
The statute allows the president to impose tariffs when a country “disadvantages U.S. exporters relative to the exports of another country to offset the disadvantage or burden on U.S. commerce.”
It is one of two tariffs acts the Trump administration has turned to following the Supreme Court’s February ruling striking down the import taxes he enacted under the International Economic Emergency Powers Act last year.
Immediately following the Supreme Court’s ruling, the Trump administration imposed a temporary 10 percent across-the-board tariff utilizing section 122 of the Trade Act of 1974.
Those tariffs are set to expire this coming Friday, July 24.
Earlier this month, the Office of the United States Trade Representative (USTR) filed a notice that tariffs on Brazil would increase to 25 percent, effective today, under section 301 of the Trade Act of 1974.
Rough gemstones exported from Brazil for cutting in other countries are exempt from the new tariff, but polished gemstones and finished jewelry are not.
Tariffs on 60 countries ranging from 10 to 12.5 percent also are set to go into effect following a USTR investigation that determined the countries do not do enough to prevent goods made using forced labor from being imported into their countries.
The Trump administration also is imposing these tariffs under section 301 of the Trade Act of 1974; an implementation date has yet to be announced.
There is another section 301 investigation into what the Trump administration alleges is “overproduction” by 16 countries, including India, China, Thailand, the European Union and Switzerland, though a trade attorney told the Los Angeles Times that any tariffs that result from that investigation likely won’t take effect until after the midterm elections.
“President Trump has stated that tariffs are here to stay,” Jewelers of America President and CEO David Bonaparte said Tuesday.
“Jewelers of America continues to appeal to the administration to consider exemptions for specific HS codes related to diamonds, gemstones, and pearls.”
Editors' Picks
Sponsored by
More on Policies & Issues
The Latest
CrimeAug 31, 2026
$4M Van Cleef & Arpels Diamond Necklace Snatched From Vienna Museum Once the property of an Egyptian queen, the necklace was part of a larger exhibition of VCA jewelry at the Museum of Applied Arts (MAK).
GradingAug 31, 2026
GIA, Gübelin Gem Lab Confirm New Paraíba Tourmaline Deposit in EthiopiaThe labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.
Events & AwardsAug 31, 2026
Wisconsin Museum to Host Jewelry Exhibition“Chicago Collects: Jewelry in Perspective” at the Oshkosh Public Museum will feature works by Fabergé, Lalique, and Louis Comfort Tiffany.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
CollectionsAug 31, 2026
Catbird Launches First Men’s Jewelry CollectionThe “Worn Well” collection is Catbird's take on classic men's jewelry.
Weekly QuizAug 27, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsAug 28, 2026
Dolly Parton Would Have Loved This Butterfly Necklace This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.
SourcingAug 28, 2026
Gareth Penny to Give Opening Speech at CIBJO Centenary CongressThe former De Beers CEO, and perhaps its next owner, will be a featured speaker at the event, slated for Sept. 4-7 in Italy.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
IndependentsAug 28, 2026
Day’s Jewelers Honored With 3 Workplace AwardsThe employee-owned jeweler was named a “Best Place to Work” in Maine, New Hampshire, and for women.
CollectionsAug 27, 2026
Pandora Expands ‘Talisman’ Collection as Lawsuit Continues The second iteration of the jewelry collection was inspired by the zodiac and the four elements: earth, water, air and fire.
SourcingAug 27, 2026
OFAC Renews License Allowing Import of ‘Grandfathered’ Russian Diamonds General License 104B supersedes General License 104A, which was set to expire on Sept. 1.
CrimeAug 27, 2026
Customs Seizes Nearly 900 Pieces of Counterfeit JewelryThe package, intercepted in Indianapolis, contained fake Cartier, Tiffany & Co., and Van Cleef and Arpels jewelry.
IndependentsAug 27, 2026
Jessica McCormack to Open First West Coast StoreThe new location in Costa Mesa, California, marks the brand’s second store in the United States and fourth standalone location worldwide.
FinancialsAug 27, 2026
Movado’s Q2 Sales Up As Younger Consumers Take Interest in WatchesThe fashion watch category was once threatened by the Apple Watch, but consumers are now opting for new wearables, said Movado’s CEO.
SurveysAug 26, 2026
5 Jewelry Insights From The RealReal’s Resale ReportThe report delves into trending styles, the most popular jewelry brands by city, and why Belle Époque jewelry could be the next big thing.
Lab-GrownAug 26, 2026
AGTA Now Requiring Members to Call Lab-Grown Gems ‘Synthetic’The association added the requirement to its revised "Code of Ethics" and released the 17th edition of its “Gemstone Information Manual.”
SurveysAug 26, 2026
Consumer Confidence Dips in August Amid Anticipatory Anxieties Respondents were concerned about the future of the labor market and their income as well as the rising prices of gas and groceries.
TrendsAug 26, 2026
Boucheron’s New Campaign Celebrates Its ‘Question Mark’ NecklacesThe campaign highlights the asymmetrical high jewelry necklace style that the jeweler first created in 1879.
Events & AwardsAug 26, 2026
Harry Winston Exhibition to Open in ShanghaiIt will explore the life of “The King of Diamonds” and showcase more than 165 creations from the brand.
CrimeAug 25, 2026
Florida Woman Scammed Out of $1.5M in Jewelry, Precious MetalsTwo suspects have been arrested in connection with the complex phone scam.
ColumnistsAug 25, 2026
Proof Before Purchase: The Gen Z Way to BuyIn her first column for National Jeweler, Jennifer Shaheen asks jewelers if they know how to connect with the next generation of consumers.
Events & AwardsAug 25, 2026
SSEF Opens 2026 Applications for Gemology Education ScholarshipsThe annual awards cover tuition for an on-site educational course at the Swiss lab, as well as flights and lodging.
TrendsAug 25, 2026
Brent Neale Celebrates Blackberry Farm’s Anniversary With JewelryThe jeweler partnered with the Tennessee resort to honor its 50th anniversary with limited-edition blackberry pendants and earrings.
EditorsAug 24, 2026
Q&A: Reeds Jewelers VP Genna Zimmer on 80 Years in BusinessThe third-generation jeweler shared how the North Carolina retailer is celebrating this milestone and the love story that started it all.
Events & AwardsAug 24, 2026
Rio Grande, MetalWerx Host Argentium Silver WorkshopThe class, led by renowned metalsmith Cynthia Eid, highlighted Argentium silver as an alternative to gold amid high prices.
Events & AwardsAug 24, 2026
JIS Miami Opens Fall 2026 RegistrationThe show is slated for Oct. 16-19 at the Miami Beach Convention Center.
CollectionsAug 24, 2026
Francesca Villa Honors Napoleon, His Empresses In New CapsuleThe “Empresses” capsule uses 19th-century medals depicting Napoleon, Joséphine, and Marie-Louise across five one-of-a-kind pieces.
