US President Donald Trump on Tuesday said that he is going to further raise tariffs on India in the next 24 hours, after announcing 25 per cent tariffs from August 7. 

In an interview with CNBC, Trump said he will raise tariffs on India, revising the earlier settled rate of 25 per cent.

"India has the highest tariffs. We do very little business with India. We settled on 25 per cent, but I think I am going to raise that substantially within the next 24 hours," the US President was quoted as saying.