India, Sept. 30 -- US President Donald Trump said he loves "tariffs" and it is the "most beautiful" and his favourite word in the dictionary, on Tuesday, September 30. American tariffs or import duties have been a subject of much wrangling internationally, and ongoing tension between the US and India as they struggle to strike a trade deal.

India, besides Brazil, has been amongst the highest-tariffed countries by the US, at 50% since August. Half of that is "penalty" for buying Russian oil, Trump has said. Even at the UN recently, he called India and China the primary funders of Vladimir Putin's war in Ukraine.

"Other countries were taking advantage of us for years and years. Now we're treating them fairly," he said in his speech at a g...