Reacting to the sliding merchandise exports growth of -6.05 percent of $26.13 bn during August, 2019, FIEO President, Sharad Kumar Saraf said that such a contraction in exports is a reflection of uncertainties, sluggish global demand and rising tariff war. The softening of crude, steel and other commodities prices also pulled down exports. FIEO Chief is of the view that US-China Trade war, BREXIT and developments in Iran further aggravated the problem of the world economy. The uncertainty attached has also affected the flow of investment and added to currency volatility.