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
SurveysOct 09, 2026
These Will Be the 10 Busiest Days for In-Store Shopping This Holiday SeasonStores should expect to see the most customers on Nov. 27, and Christmas week is expected to be hectic too, as Dec. 25 falls on a Friday.
CollectionsOct 09, 2026
Elisa Solomon Collabs With Serendipity 3 on ‘Frozen Hot Chocolate’ CharmThe charm, our Piece of the Week, features brown diamond frozen hot chocolate topped with white diamond whipped cream and a ruby straw.
AuctionsOct 09, 2026
8-Carat Blue Diamond Goes Unsold at UK Jewelry Auction The top lot of Elmwood’s recent fine jewelry sale in London was a 1.84-carat, D color Tiffany & Co. solitaire diamond ring.
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionExperience gemstones with greater precision and comfort than ever before.
WatchesOct 09, 2026
Movado to Sell Majority Stake in Ebel for $66.5MThe watch company agreed to sell a 95 percent interest to a group comprised of F.P. Journe, Chanel, and Swiss watch exec Pierre Jacques.
Weekly QuizOct 08, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsOct 08, 2026
Brent Neale’s New Collection Goes ‘Back to Basics’It revisits the brand’s most requested silhouettes, from "Pillow"-set necklaces and bracelets to "Signature"-set rings and earrings.
SourcingOct 08, 2026
Ethical Gem Fair Heads Back to BrooklynThe trade-only event includes buying opportunities as well as educational sessions on artisanal mining, the new Paraíba source, and more.
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.
Events & AwardsOct 08, 2026
Pattons Fine Jewelry Sweeps Local Design ContestAra Chanakian, a jeweler at Pattons, took home top honors in every category at Jewelers of Louisiana’s annual jewelry design competition.
AuctionsOct 08, 2026
Reba McEntire’s Jewelry, Watches Head to Julien’s AuctionsThe live charity benefit sale in Nashville will also feature gowns, boots, and other memorabilia from the country music legend.
Supplier BulletinOct 08, 2026
Overnight Mountings’ Bridal Builder Helps Jewelers Turn Custom Design into a Hands-On Selling ExperienceSponsored by Overnight Mountings
CollectionsOct 07, 2026
Blue Nile, Royal Asscher Collection Highlights Natural Diamond BeautyBlue Nile, a Signet Jewelers-owned brand, is now Royal Asscher’s exclusive licensed retailer in North America.
CollectionsOct 07, 2026
4 Standout Pieces in Audemars Piguet’s First High Jewelry Collection “Royal Oak” pays homage to the brand’s most popular watch model using 18-karat gold as well as diamonds, emeralds, and sapphires.
MajorsOct 07, 2026
Empire Safe & Vault Promotes Juan Morales to CEOAs part of the transition, Joseph Nicosia has stepped into the role of COO.
SourcingOct 07, 2026
AGTA Extends Deadline for 2026 Spectrum Awards EntriesParticipants now have until Oct. 14 to complete their submissions.
CrimeOct 06, 2026
6 Charged in Connection to String of New Jersey Smash-and-GrabsThe alleged thieves used crow bars and sledgehammers to smash into jewelry stores across the state.
ColumnistsOct 06, 2026
Sherry Smith: Is the Consumer Really Trading Up?Ahead of the holidays, Smith urges jewelers to take a hard look at who’s buying jewelry, what they’re purchasing, and who’s stopped buying.
SourcingOct 06, 2026
DDG Taps Influencers for ‘My Diamond Does Good’ CampaignIn the new consumer-facing campaign, four fashion and lifestyle creators share the stories behind their natural diamond pieces.
MajorsOct 06, 2026
Frederick Goldman Names COO, CMOFGI President John Orrico is also leaving the company after more than 13 years.
Events & AwardsOct 06, 2026
JIS Fall Returns to MiamiThe 2026 edition will feature presentations on alternative materials and design trends, as well as pop-up activations on the show floor.
SourcingOct 05, 2026
De Beers to Take Full Ownership of Gahcho KuéIt is the last fully operational diamond mine in Canada following the recent closures of Ekati and Diavik.
AuctionsOct 05, 2026
The Star Cats of the Sandy Lerner AuctionThese jewels stood out at Bonhams’ sale of the cat-loving tech entrepreneur’s collection of objects depicting the feline form.
CollectionsOct 05, 2026
Sorellina Writes Another Love Letter for ‘Postscript’ CollectionThe fine jewelry brand has expanded the collection that debuted at Couture with four new designs based on its most popular styles.
SourcingOct 05, 2026
Bruce Bridges Joins CIBJO BoardThe AGTA president was elected for a two-year term on the board of directors.
SourcingOct 02, 2026
De Beers, National Geographic Society Renew Okavango Eternal Partnership The partnership, a pledge to protect Africa’s Okavango River Basin, has been extended for an additional five years.
MajorsOct 02, 2026
Pandora Opens New $150M Manufacturing Facility in VietnamThe new facility, its first outside of Thailand, will boost its manufacturing capacity by 50 percent.
TrendsOct 02, 2026
Hearts On Fire Celebrates 30th Anniversary With Heart PendantThe special-edition “Dream” pendant, our Piece of the Week, was created to mark Hearts On Fire’s 30-year milestone with 30 diamonds.
