US President Donald Trump on Tuesday said that he would increase the tariffs charged on Indian imports "very substantially" over the next 24 hours because of India’s continued purchases of Russian oil.
"India has not been a good trading partner, because they do a lot of business with us, but we don’t do business with them. So we settled on 25 percent but I think I’m going to raise that very substantially over the next 24 hours, because they’re buying Russian oil," he told CNBC in a televised interview.
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