Trump’s stance also appears to reflect his dislike of India’s membership of the Brics bloc. During a summit of the 11 emerging economies last month he threatened an additional 10 per cent tariff on any countries aligning themselves with the Brics’ “anti-American policies”.

After several delays, and a flurry of last-minute activity, President Donald Trump's "Liberation Day" tariffs have gone into effect on numerous countries. Several major trading partners struck agreements with the U.