In a wide-ranging interview on CNBC, the President said he could raise his looming 25% tariff on India even higher because of that country’s insistence on buying Russian oil. NBC News’ Garrett Haake reports.

When asked about the price of oil if Russian supplies were removed from the market, Trump said he was not concerned about prices, as the US is drilling at levels never seen before.

India fired back at the United States after President Trump pledged to increase tariffs on New Delhi over the country’s purchase of Russian oil. In a statement Monday, India’s Ministry of External Affairs (MEA) said the purchase of Russian oil is a “necessity” to “ensure predictable and affordable energy costs” and was once “encouraged”