New Delhi, Aug. 5 -- In a wide-ranging interview with CNBC, US President Donald Trump issued a barrage of economic and geopolitical warnings, including a threat to impose steep tariffs on India within next 24 hours over its continued oil imports from Russia.

Trump also lashed out at American banks, accused them of political discrimination, and hinted at new announcements on semiconductors and pharmaceuticals.

Donald Trump declared that he may "substantially" raise tariffs on India within the next 24 hours, citing New Delhi's ongoing energy ties with Moscow as a major sticking point.

"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 percent but ...