Indian opposition parties criticised the government on Thursday, describing U.S. President Donald Trump's threat of a 25% tariff as a diplomatic failure for New Delhi, while the rupee currency tumbled and equity indexes slid in response to the news.

Congress and other opposition leaders on Wednesday took jibes at the Modi government over Donald Trump announcing a 25 per cent tariff and an extra penalty on Indian goods, but also slammed the US President's move,

After announcing a 25 per cent tariff and penalty on India for buying Russian oil, US President Donald Trump told reporters the trade negotiations are ongoing, highlighted India's role in what he calls “anti-anti-American” BRICS grouping.