Will Russia sanctions bill impact India-US trade deal? White House official answers key question
The new US legislation seeks to punish Russia and key buyers of its petroleum products, including India and China.
The White House has addressed concerns over how a recently passed US Senate Russia sanctions bill could potentially impact the ongoing India-US trade deal. The legislation, approved by the Senate with an overwhelming 86-11 vote, allows President Donald Trump to impose 100% tariffs on goods imported from countries that are among the top five importers of Russian oil and gas - a group that includes India.
This could pose a challenge to the India-US trade relationship currently under negotiation. However, White House National Economic Council Director Kevin Hassett has stated that this decision ultimately rests with the negotiators involved in the trade talks.
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