US Edition
US Plans 500% Tariffs On Top Russian Oil Buyers. How It Will Affect India
- The US plans to impose 500% tariffs on countries like India and China that maintain trade with Russia, confirmed by US Senator Lindsey Graham during an ABC News interview.
- This bill aims to weaken Russia's economy and is part of a bipartisan effort, with 84 senators supporting it, according to Graham.
- The bill's impact could include significant tariffs on various Indian exports, risking trade relations, although a US-India trade deal may lessen this effect.
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What makes matters serious for India is that US President Donald Trump has backed a new sanctions bill that proposes to impose a massive tariff of 500 per cent on imports from countries that trade with Russia, including India and China.
Donald Trump: This time America may impose 500 percent tariff on India as additional import duty (US India Trade). Indian stock market may be hit by Trump's big decision!
·India
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Trump-Backed Bill Proposes 500% Tariff On Nations Trading With Russia
If passed, the bill could severely strain U.S. trade ties with New Delhi and Beijing. India, which views the U.S. as a key export destination, has continued purchasing discounted Russian oil amid Western sanctions, making it a direct target of the proposed legislation.
·New Delhi, India
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Total News Sources12
Leaning Left1Leaning Right6Center0Last UpdatedBias Distribution86% Right
Bias Distribution
- 86% of the sources lean Right
86% Right
14%
R 86%
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