New Delhi/IBNS, Aug. 27 -- "The UK is going through a recession, and we had some work in the US that also flopped," Shamim Azad, a leather exporter, narrates his ordeal as the Trump administration's 50 percent tariffs on imports from India became effective on August 27 amid India's firm stand on "no compromise" policy.

"Customers asked us to cancel the orders we had already placed. Our US customer said that there will be no production until a decision is taken on tariff. The situation is very bad at this time," the Kanpur businessman told The Times of India, as uncertainty looms large on Indian exporters, who are likely to be impacted at various degrees with the imposition of additional 25 percent tariffs on India as a penalty for purcha...