Trump tariffs, Aug. 29 -- The 50 per cent US tariff on India imposed by President Donald Trump on most Indian exports is largely driven by his "personal pique" at not being allowed to mediate in the India-Pakistan conflict, a new report has claimed.

According to a recent report by American multinational investment bank and financial services company Jefferies, Trump had reportedly hoped to intervene and mediate the talks between India and Pakistan in May, when the two countries engaged in a four-day-long military conflict following the Pahalgam attack that killed 26 people, mostly Indians.

The Jefferies report stated that US tariffs on India were a result of New Delhi's refusal to not allow Donald Trump to mediate the talks between the ...