Also, a federal judge has ordered that companies that paid tariffs implemented under the IEEPA are entitled to refunds.
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Kering, Apple, and other retailers have reportedly temporarily closed stores in the Middle East region in light of the recent conflicts.

After the Supreme Court struck down the IEEPA tariffs, President Trump imposed a 10 percent tax on almost all imports via a different law.

In a 6-3 ruling, the court said the president exceeded his authority when imposing sweeping tariffs under IEEPA.

The White House issued an official statement on the deal, which will eliminate tariffs on loose natural diamonds and gemstones from India.

President Trump said he has reached a trade deal with India, which, when made official, will bring relief to the country’s diamond industry.

It marks the third time the country has headed the Kimberley Process. Ghana will serve as vice chair.

Inflations, tariffs, and politics—including the government shutdown—were among consumers’ top concerns last month.

The retailer, which sells billions in fine jewelry and watches, is suing the Trump administration and U.S. Customs and Border Patrol.

The Swiss government announced the deal, which cuts the tax on Swiss imports by more than half, on social media Friday morning.

Ahead of the hearing, two industry organizations co-signed an amicus brief urging the court to declare Trump’s tariffs unlawful.

Consumers are feeling more optimistic about their present situation while the short-term future remains a little scary.

A trade deal with Switzerland seems probable, but reaching an agreement with India remains a challenge, David Bonaparte said.

The 50 percent tariffs on diamonds shipped from India to the U.S. have pushed midstream manufacturers to the edge.
They are trying to balance the need to sustain well-established relationships with the pressure higher tariffs have put on margins.

A decision likely won’t come until January 2026 at the earliest, and the tariffs remain in effect until then.

Two lower courts have moved to block the import taxes, which will remain in place as the legal battle continues.

President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.

The group met with the president's senior trade advisor earlier this week to express the industry’s concerns about the effects of tariffs.

An additional 25 percent tariff has been added to the previously announced 25 percent.

The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.

Announced Sunday, the deal will set the tax on goods imported into the United States from the European Union at 15 percent.

The announcement comes just as the 90-day freeze on the “reciprocal” tariffs nears its end, giving countries more time to negotiate.

Following visits to Vegas and New York, Botswana’s minerals minister sat down with Michelle Graff to discuss the state of the diamond market.

Between tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.


















