New US Tariffs On India? US Senate Passes Russia Sanctions Bill, New Delhi Could Face 100% Tariffs
India could soon face the threat of 100% US tariffs under a sweeping Russia sanctions bill passed by the US Senate. The legislation allows the US President to impose punitive tariffs on the world's five biggest buyers of Russian oil and natural gas, a list that currently includes India and China. The bill is aimed at increasing pressure on Moscow by targeting countries that continue purchasing Russian energy despite the ongoing Ukraine war.
