The US president also hints at an extra penalty for New Delhi over trade with Russia

world war fee Just as signs pointed to a slight easing in global trade tensions, US President Donald Trump opened a new front in his trade offensive, this time with a 25 percent tariff on goods from India.

Trump took to Truth Social today to announce his tariff, which will begin this Friday on August 1. The US president justified the move by complaining that India's own tariffs on US goods are too high, and that India has too cozy a trade relationship with Russia. 

"While India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high … and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country," the president said. "Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY." 

Trump opined ...