U.S. President Donald Trump again threatened on Monday to raise tariffs on goods from India over its Russian oil purchases, while New Delhi called his attack "unjustified" and vowed to protect its economic interests,

India faces steep U.S. tariffs under Trump’s new trade policy, but it still maintains a more balanced trade equation than South Asian peers like Pakistan, Bangladesh and Sri Lanka due to lower tariff differentials and diversified exports.

India defended its Russian oil imports, calling US and EU criticism unreasonable, citing Western encouragement to diversify energy sources after the Ukraine conflict began. India also pointed to continued substantial EU and US trade with Russia.