On Wednesday, April 2 (Belgian time), US President Trump announced substantial import tariffs on the entire world, detailing exactly which countries will have to pay which tariffs.
For all countries worldwide, there will be a minimum import tariff of 10% on all goods entering the US as of April, 5, and for several countries, that percentage will be significantly higher. Specifically for the European Union, as of April, 9, an import tariff of 20% will apply to all products originating from the region (this 20% import tariff will be replaced by the former 10% minimum import tariff).
The import tariffs on diamonds depend on the origin of the goods. For rough diamonds, the country of origin is considered to be
the mining country, whereas for polished diamonds, it is the country where the transformation—i.e., the manufacturing—of the stone took place. Important to know is that all goods imported into the US are in scope and thus subject to the import tariffs, regardless of their final purpose or destination: Sale, consignment, or grading. This is what you should know in short:
- New US import tariffs: The US has announced a 10% import tariff on all imports globally from April 5 onwards . On April 9, the country-specific tariffs will be implemented, meaning a 20% import tariff on European goods.
- Potential EU countermeasures: The EU is considering retaliatory tariffs on American exports, including polished diamonds, which could impact Antwerp's diamond trade. AWDC is actively lobbying to keep diamonds off the EU's tariff list, working with policymakers to protect Belgium's diamond industry.
- The import tariffs on diamonds depend on their origin. Rough diamonds: country of mining, polished diamonds: country of manufacturing.
If you have any remaining questions, consult our dedicated webpage: www.awdc.be/tariffs.
