Times of IndiaLean R·
100% tariffs on India? Russia sanctions bill passed by US House; awaits Trump’s sign
The US House has successfully passed a sanctions bill aimed at Russian officials and the energy sector. This new legislation empowers President Trump to impose tariffs on significant buyers of Russian oil. India might encounter a staggering 100 percent tariff on its imports due to its energy dealings with Russia. The bill also broadens sanctions against Russia and prolongs measures against Iran for an additional five years.
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