Explained: Why Trump's Russia sanctions bill could hit India with a massive 100% tariff
Washington DC/IBNS, July 30 -- US President Donald Trump on Wednesday commented on the proposed Russia sanctions bill, which has cleared the US Senate and could potentially affect India through a fresh wave of tariffs, media reports said.
The bipartisan legislation, commonly referred to as the Sanctioning Russia Act, seeks to increase economic pressure on Russia over its war in Ukraine. One of its key provisions would allow the US to impose 100% tariffs on imports from countries that continue purchasing significant volumes of Russian energy, potentially impacting five countries, including India.
Speaking to reporters in the Oval Office, Trump said the bill should be amended to include tariff provisions targeting Iran as well.
The Russi...
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