Donald Trump’s 50% tariff slapped on Indian exports is already bleeding businesses. Some of the bigwig retailers, including Amazon, Gap Inc., Target, and Walmart, among others, have reportedly halted orders, creating paranoia.

Exporters have received letters and emails from US buyers requesting that they pause apparel and textile shipments until further notice, sources told NDTV Profit.

U.S. President Donald Trump imposed an additional 25% tariff on goods imported from India this week, citing New Delhi's continued purchase of Russian oil. The new import tax, effective 21 days after August 7,