President Donald Trump has given Russia until Friday to end its war in Ukraine or face “very severe tariffs” and a new wave of sanctions designed to cripple its oil trade and financial lifelines. Yet,

Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.

The US economy will feel the pain if Trump goes ahead with his plan to whack countries buying Moscow’s oil with fresh tariffs on their goods.