President Donald Trump’s threat to impose new tariffs on India over its participation in the BRICS forum puts New Delhi in a tough position as it races to finalize a favorable trade deal with the US.

President Donald Trump’s warning that he could slap an extra 10% tariff on India over its role in the BRICS group has put New Delhi in a tight spot as it rushes to finalize a trade agreement with Washington.

Bitcoin surged past $112,000 for the first time as US investor setiment buoyed amidst various tariff letters being rolled out. The cryptocurrency was trading as high as 1.75% to $112,700.75 as of 10:05 p.