New Delhi pointed out the EU and the U.S.' trade relationship with Moscow. India said it was being "targeted" by the U.S. and the European Union over its imports of Russian oil after U.S. President Donald Trump in an overnight social media post threatened New Delhi with much steeper tariffs.

President Donald Trump has just signed a bold new executive order that changes the game on global trade. In a sweeping move, the U.S. will impose new tariffs on imports from over 70 countries — with some rates reaching as high as 41%.