India, Nov. 11 -- US President Donald Trump on Tuesday announced that the country would be "bringing down" the tariffs, when asked about the ongoing trade negotiations with India. Trump said that India faces such high tariffs because of its oil trade with Russia, and yet again claimed that New Delhi has "stopped" the purchase.

Trump said the US was planning on bringing the tariffs down at some point, and also said that they were getting close to a "fair deal" with India.

"The tariffs are very high on India due to Russian oil and they (India) have stopped doing the Russian oil very substantially," Trump said when asked about the trade negotiations with India. "We're gonna be bringing the tariffs down...at some point, we'll bring them dow...