UPDATE: Section 122 tariff (10%) in effect since Feb 24 — expires ~July 24 (~126 days). 24 states challenge in court (March 5). USTR launches new Section 301 probes (March 11). EU trade deal vote imminent. Full analysis →

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US Tariffs on Precious Metals, Jewelry from India — 10% (2026)

Tariff Rate Breakdown

10%

Section 122 Base

10%

Total Effective Rate

India is a significant source of precious metals, jewelry imports into the United States, with approximately $130B in total bilateral trade.

Following the Supreme Court's landmark February 20, 2026 decision striking down IEEPA tariffs, imports of precious metals, jewelry from India are now subject to a 10% tariff under Section 122 of the Trade Act of 1974, effective February 24, 2026.

This 10% rate has a built-in expiration: Section 122 limits presidential tariff authority to 150 days, meaning the tariff expires approximately July 24, 2026 without congressional renewal.

Precious Metals, Jewelry (HTS Chapter 71) carry an average MFN duty rate of 5.5% in addition to the Section 122 tariff. No additional Section 232 or Section 301 surcharges apply to most products in this category from India.

Key products in HTS Chapter 71 imported from India include Gold jewelry, Silver articles, Diamonds, Cultured pearls, Platinum, and Gemstones.

Common Products in Chapter 71

Gold jewelrySilver articlesDiamondsCultured pearlsPlatinumGemstonesCostume jewelryCoin

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Frequently Asked Questions

What is the current tariff rate on precious metals, jewelry from India?

As of March 2026, precious metals, jewelry from India face a base tariff of 10% under Section 122. The effective rate can be up to 10%.

Will the tariff on precious metals, jewelry from India change?

The Section 122 tariff of 10% expires approximately July 24, 2026, unless Congress extends it. Monitor legislative developments for updates.

How did the Supreme Court ruling affect precious metals, jewelry imports from India?

The Supreme Court's February 20, 2026 ruling struck down IEEPA reciprocal tariffs as exceeding presidential authority. The president signed a replacement 10% tariff under Section 122 the same day, effective February 24.