Diamonds Are Forever? Not with Tariffs in the Way

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This is what characterizes Sierra Leone's diamonds. It is a very important diamond producer. Its precious stones have also fueled a civil war that lasted ten years. Today, peace is back. Mines are still exploited, but differently. Roads, schools have been rebuilt, but the country is struggling to recover. Despite its resources in the mining industry, it remains one of the poorest countries on the planet. (International).

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The Trump administration’s policies are disrupting the diamond trade. The United States currently imposes a 10 percent tariff on diamond imports, and tariffs are set to increase in the future. Even without these barriers, the diamond trade is complicated, including supply chains and synthetic diamonds.