The US has introduced sweeping reciprocal tariffs that now place a 30% surcharge on South African diamond and jewellery exports, eroding the duty-free advantage once enjoyed under AGOA. This sudden cost hike is forcing wholesalers, manufacturers, and retailers to rethink pricing, redesign products, and explore new markets. While the US remains a valuable destination, the domestic market and alternative export regions may see increased focus as the industry adapts to rising costs and shifting trade dynamics.
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Aug