India could face tariffs as high as 25% if it fails to finalise a trade deal with the US this week, President Donald Trump has said. "Yeah, I think so," he told reporters on Tuesday when asked whether Delhi would face higher tariffs in the absence of an agreement.

President Donald Trump said India would face a 25% tariff on Aug. 1 and promised other penalties over the country's Russian energy and military buys.

President Donald Trump says he'll impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil.