US President Donald Trump on Wednesday said Washington and Moscow have made a "lot of progress" towards his goal of ending the Ukraine War and speculated America's hefty tariffs on India may have something to do with it.

Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.

President Donald Trump imposed an additional 25% tariff on India over its purchases of Russian oil, escalating the trade dispute and raising total tariffs on the world’s most populous country to 50%.