ANI
27 Aug 2025, 13:04 GMT+10
Kanpur (Uttar Pradesh) [India], August 27 (ANI): As the US 50 per cent tariff on Indian imports comes into effect from Wednesday, leather businessmen from Kanpur expressed disappointment over the decision.
Shamim Azad, a leather exporter, stated that the United Kingdom is currently experiencing a recession and he had some work in the US, but it has completely 'flopped' at present. He mentioned that the US customers have asked them to put the orders on hold due to the tariffs.
'It will be implemented from today. The UK is going through a recession, and we had some work in the US that also flopped. 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,' he said.
Another leather exporter, Wasim, mentioned that he hoped for a solution to the matter by citing China's example; however, in the present time, the situation has worsened.
'The day this announcement was made, a 25% tariff was imposed and it increased by another 25%. Since then, all our customers have been put on hold. We were waiting for 26-27 so that there is a solution to this. 100% tariff was imposed on China as well but the people there hesitated and the matter was resolved and the work was done. We thought it would reduce here as well. Now the situation seems to be getting worse and we don't understand what to do,' he said.
The 50 per cent tariffs on imports from India to the United States came into effect on Wednesday. This follows the draft notice published by the U.S. Customs and Border Protection (CBP) that stated that the order would come in effect from August 27.
According to the notice, the additional duties are being imposed to give effect to the President's Executive Order 14329 of August 6, 2025, titled 'Addressing Threats to the United States by the Government of the Russian Federation.' (ANI)
Get a daily dose of Liverpool Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Liverpool Star.
More InformationDAKAR, Senegal: Interpol announced this week that a sweeping cybercrime operation across Africa has resulted in the arrest of more...
BERLIN, Germany - German Chancellor Friedrich Merz says he doesn't believe Israel targeted journalists in the attack on Gaza's Nasser...
WASHINGTON, D.C.: The Trump administration announced this week that it is conducting a sweeping review of more than 55 million people...
BANGKOK, Thailand: Former Thai Prime Minister Thaksin Shinawatra was acquitted on August 22 in a royal defamation case that could have...
GAZA - In two separate attacks, the Israeli army has killed six more journalists. In the first attack, 5 journalists, including one...
JERUSALEM, Israel: Israel's defense minister warned on August 22 that Gaza City faces destruction unless Hamas accepts Israel's conditions,...
DAKAR, Senegal: Interpol announced this week that a sweeping cybercrime operation across Africa has resulted in the arrest of more...
An inquiry has found local British authorities negligent in responding to widespread child abuse Elon Musk has said he is prepared...
London [UK], August 27 (ANI): The UK government has delayed its decision regarding China's proposed large embassy in London after Beijing...
(250827) -- VANCOUVER, Aug. 27, 2025 (Xinhua) -- People wait to view the FIFA World Cup Winner's Trophy during a trophy viewing event...
Share article Print article Since taking office, United States President Donald Trump has used tariffs to address perceived trade...
Armenia expects closer security ties and economic benefits from Britain Armenia...
