New Delhi, Aug. 29 -- The steep 50 per cent tariffs imposed by the United States on Indian goods are largely a result of President Donald Trump's "personal pique" at not being allowed to mediate in the India-Pakistan conflict, according to a recent report by American multinational investment bank and financial services company Jefferies.

The report said the American president had reportedly hoped to intervene following the four-day military conflict between the two countries in May.

It stated "tariffs are primarily the consequence of the American president's "personal pique" that he was not allowed to play a role in seeking to end the long running acrimony between India and Pakistan".

India has consistently maintained that it does not ...