India, Aug. 12 -- US President Donald Trump believes his tariffs on India for purchasing Russian oil was a "big blow" to Moscow's economy as a 50 per cent duty has been put on Delhi, referring to it on Monday as Russia's "largest or second largest oil buyer".

Addressing a press conference at the White House on Monday, Donald Trump claimed that Russia's economy has been severely hit by the ongoing global pressures due to the imposition of US tariffs on several countries. Follow India tariff news live updates

Donald Trump last week doubled India tariffs to 50 per cent citing Russian oil purchase. Trump imposed 50 per cent tariff on India in two phases, a 25 per cent levy was first announced on July 30 and the additional 25 per cent announ...