Continuing his tirade against India, US President Donald Trump has now threatened to impose substantially higher tariffs on India in the next 24 hours. A day after he launched a fresh salvo at India over Russian oil imports, Trump told CNBC today: "I think I am going to raise India's tariffs substantially in the next 24 hours."

Russia hears many statements that are essentially threats and attempts to force countries to sever trade ties with us,” Peskov said. He added that, in Moscow’s view, “sovereign states must have the right to independently choose their trade partners and the format of economic cooperation,

Russia accused the United States on Tuesday of exerting illegal trade pressure on India after U.S. President Donald Trump threatened again to raise tariffs on India over its purchases of Russian oil.