100% tariffs on India? US House advances Russia sanctions bill; final vote tomorrow
In a significant legislative move, the US House has supported a bill enabling President Trump to enact tariffs. This action could affect substantial Russian oil and gas importers, notably India, as it aims to prolong sanctions against Russia and Iran. Consequently, Indian exports to the United States might be subjected to steep tariffs as high as 100 percent. An important vote on this matter is…
On Tuesday, the US House of Representatives took a significant step towards potentially imposing 100% tariffs on India and other major purchasers of Russian oil and gas with the passage of the Lindsey Graham Sanctioning Russia and Iran Act of 2026. The bill, which already cleared the Senate on August 7 by a wide margin, now advances to a final vote on Wednesday.
The measure would allow President Trump to target countries that continue to trade in Russian energy, potentially exposing India to punitive tariffs if it doesn't cease purchasing Russian crude.
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