500% tariffs ahead for India & China? Trump clears Russia sanctions bill; what it means

Published 5 days ago
Source: timesofindia.indiatimes.com
500% tariffs ahead for India & China? Trump clears Russia sanctions bill; what it means
The Trump administration is threatening to penalize countries buying discounted Russian oil, a move that could impact India's energy imports and trade with the US. A bipartisan sanctions bill, approved by Trump, aims to pressure nations like India, China, and Brazil to cease Russian crude purchases, which the US argues funds Putin's war in Ukraine.