US President Donald Trump has ratcheted up tariffs on Indian goods to 50 per cent, which will come into effect from August 27. India had called US' tariffs "unfair, unjustified and unreasonable," insisting that New Delhi will take all necessary actions to protect its national interests.

The White House has said that the ‘intent’ behind 50% tariffs on India was to pressure Russia to end the war in Ukraine.

US White House Press Secretary Karoline Leavitt on Tuesday (local time) said that US President Donald Trump imposed tariffs on India to deter Russia from pursuing the Ukraine conflict.

White House Press Secretary Karoline Leavitt said Trump increased India’s tariffs to 50% as part of sanctions designed to pressure Russia to end the Ukraine war.

India is considering a proposal to co-develop Russia’s T-14 Armata main battle tank. The deal has an obvious logic for both sides.

A hilarious video of a Russian woman accidentally meeting a US man in an Indian railway station surfaced amid the much-anticipated Alaska meeting between Russian President Vladimir Putin and US President Donald Trump– which went viral over the duo and the internet’s crazy reactions.

Indian shares ended flat on Thursday ahead of U.S.–Russia talks on Ukraine but logged weekly gains as IT and pharma stocks rose after a U.S.–China tariff truce extension and rising hopes of a Fed rate cut.