Mumbai, July 30 -- With the US President Donald Trump announcing 25 per cent tariff along with penalty on Indian goods, senior corporate lawyer HP Ranina said on Wednesday that the decision will affect the exports currently in the pipeline, but the tariffs are less than those on Chinese and Bangladeshi goods.

He said Indian exports such as leather products are very cheap, the move will not cause "a big problem".

Ranina told ANI in an interview that Trump has talked of a penalty for continued purchase of oil from Russia, but India has many other sources of procuring crude oil.

"The US is a government, and they can impose a tariff from 1st August; legally, you can't stop it. It will definitely affect exports, which are currently in the p...