The Guinness brewer now expects to take a $200 million annual hit from tariffs, although it said it could mitigate half of that.

Russia accused the United States on Tuesday of exerting illegal trade pressure on India after U.S. President Donald Trump threatened again to raise tariffs on India over its purchases of Russian oil.

Donald Trump has said he plans to “substantially” raise tariffs on imports from India because of its purchases of Russian oil, in a new escalation of tensions between Washington and New Delhi. The US president’s warning comes after India failed to reach an agreement with the White House to secure lower levies on its exports to America last week,