New Delhi, April 26 -- President Donald Trump claimed tariffs up to 50 per cent on foreign imports are beneficial for the United States. He feels the US will make a "fortune" with high tariffs on trading partners.

In an interview with Times Magazine, Trump highlighted how countries such as India and China became rich by charging duties up to 100-150%.

"Because the country (US) will be making a fortune. Look, that's what China did to us. They charge us 100%. If you look at India-India charges 100-150%. If you look at Brazil, if you look at many, many countries, they charge-that's how they survive. That's how they got rich," Trump said.

His response comes to the question of whether high tariffs on foreign imports in the range of 20%, 30%...