Trump: Will Significantly Increase Tariffs on India in the Next 24 Hours

BlockBeats News, August 5th, during a live interview on CNBC's "Squawk Box," U.S. President Trump said that as India continues to buy Russian oil, he will "very substantially" increase tariffs on imports from India within the next 24 hours, with the current rate at 25%.

Trump, in his CNBC interview, said: "They are fueling their war machine, and if they're going to do that, I'm not going to be happy." He added that the main issue with India is that their tariffs are too high. (FXStreet)