US Edition500% Tariffs on India? US Senator Says THIS Bill Greenlit by Trump Will Impose Penalties on Countries Buying From Russia
UNITED STATES, JUN 29 – The bill, backed by 84 senators, targets countries like India and China buying 70% of Russian oil to pressure Moscow into peace talks over Ukraine's ongoing war.
- US President Donald Trump approved a Senate bill, introduced by Senator Lindsey Graham, to levy a 500% tariff on nations that continue commercial dealings with Russia, specifically naming India and China.
- The bill, initially proposed in March and delayed, aims to pressure India and China to stop buying Russian oil and to push Russia toward negotiating peace over Ukraine.
- The legislation, supported by 84 senators including Democrat Richard Blumenthal, would authorize President Trump to apply tariffs, while the ultimate choice to implement them would remain with him after Congress resumes in August.
- Graham explained that a 500 percent tariff would be imposed on goods from countries trading with Russia without supporting Ukraine, describing this measure as one of several strategies to pressure Putin and end the conflict.
- The bill's passage could severely disrupt US trade relations with New Delhi and Beijing, prompting concerns from Indian officials who conveyed their interests to US lawmakers amid ongoing bilateral trade talks.
26 Articles
26 Articles
India Raises Alarm Over U.S. Plan to Slap 500% Tariff on Russian Oil Importers
India is concerned with a U.S. Senator’s proposal to slap a 500% tariff on goods imported in America from countries buying Russian oil, Indian External Affairs Minister S Jaishankar said, adding that the world’s third-largest crude oil importer has conveyed these concerns to the U.S. lawmakers. Republican Senator Lindsey Graham has proposed a bill to impose a huge tariff on any country buying Russian oil. In an interview with ABC News this weeke…
India's Concerns Shared with US Senator Who Proposed 500% Tariff on Russian Oil Buyers: Jaishankar
Get latest articles and stories on World at LatestLY. External Affairs Minister S Jaishankar suggested that India has shared its concerns with US Senator Lindsey Graham over his bill proposing a 500 per cent tariff on nations buying oil from Russia. World News | India's Concerns Shared with US Senator Who Proposed 500% Tariff on Russian Oil Buyers: Jaishankar.
500% tariffs on India? US Senator says THIS bill greenlit by Trump will impose penalties on countries buying from Russia
US Senator Lindsey Graham announced that President Donald Trump has given his nod for consideration of a sanctions bill that would impose 500% tariffs on countries that purchase Russian oil. India and China are the top buyers.
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