Pakistan, Aug. 5 -- US President Donald Trump announced plans to increase tariffs on Indian goods within the next 24 hours. He said the existing 25 percent tariffs would be raised further as a penalty for India's continued purchase of Russian oil. Trump accused India of supporting Russia's war efforts in Ukraine by buying oil and reselling it for profit.

Trump described India as a "poor trade partner" and criticized its trade policies, calling India's economy "dead" due to high tariffs and protectionism. He said the United States has long had issues with India's high tariff barriers, which have negatively affected trade relations between the two countries.

Earlier, Trump had already increased tariffs on Indian imports because of its tie...