100% tariffs on India soon? US Senate clears Russia sanctions bill; 10 things to know
The US Senate approved a bill allowing President Trump to impose tariffs on nations buying Russian energy. India could face up to 100% tariffs on its goods if the bill becomes law. This legislation pressures countries to choose between US markets and Russian energy purchases. India has increased its Russian oil imports for energy security and cost reduction. The bill now moves to the House of…
The US Senate has passed a bill that could allow President Donald Trump to impose tariffs of up to 100% on goods from countries such as India and China that continue to buy Russian oil and gas, in order to pressure Russia economically and contribute to the sanctions against Russia for its war in Ukraine. The legislation, known as the Lindsey Graham Sanctioning Russia and Iran Act of 2026, gives the president the authority to target countries that are among the top five buyers of Russian oil or natural gas.
India, being one of the world's biggest buyers of Russian crude, could face these tariffs, which would force the country to choose between maintaining access to the US market and continuing to buy discounted Russian energy.
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