India, April 4 -- The Federal Trade Commission (FTC) chairperson, Andrew Ferguson, on Thursday warned the US companies against using the Donald Trump administration's tariffs on imports as an excuse to raise prices, saying that the FTC will be watching the situation closely.

The FTC's primary mandate is to enforce civil antitrust law in the United States, along with protecting consumers from deceptive or unfair business practices.

"As we adjust to the new economic order, the FTC will be watching closely to make sure American companies are vigorously competing on prices. These necessary tariffs should not be interpreted as a green light for price fixing or any other unlawful behavior," Ferguson said in a post on social media platform X....