US President Donald Trump on Tuesday said he plans to raise tariffs on India within the next 24 hours, days after announcing a 25 per cent duty starting August 7.
In an interview with foreign media, Trump said the previously decided 25 per cent tariff rate will be revised upwards.
“India has the highest tariffs. We do very little business with India. We settled on 25 per cent, but I think I am going to raise that substantially within the next 24 hours,” he was quoted as saying. Trump also accused India of purchasing Russian oil and fuelling what he described as “the Russian war machine.”
