India, Aug. 6 -- US President Donald Trump on Wednesday signed an executive order doubling India tariff to 50 per cent, announcing an additional 25 per cent duties over Russian oil purchase, according to the White House website.

Trump had already imposed a 25 per cent tariff on Indian goods going to the US. However, with this announcement, the tariff against India has now been increased to 50 per cent.

On Tuesday, in an interview with CNBC, the US President stated that he will 'substantially raise' the tariffs imposed on India.

"India has not been a good trading partner because they do a lot of business with us, but we don't do business with them. So we settled on 25 per cent, but I think I'm going to raise that rate quite substantiall...