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Economy, business and finance
100% Tariff On India? 5 Things To Know About Trump's New Russia Sanctions Power
At the centre of the concern in India is a provision that could allow the US president to impose tariffs of up to 100 per cent on countries buying Russian crude oil and natural gas
The United States has moved a step closer to giving President Donald Trump a powerful new tariff weapon that could have major consequences for India.
The US House of Representatives on Wednesday passed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026 by a 262-159 vote, sending the sweeping sanctions package to Trump for his signature. The legislation had already cleared the Senate last month with an 86-11 vote.