100% tariffs loom: Will US sanctions bill make India stop buying crude from Russia?
The US House has passed the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,' which empowers the President to impose up to 100% tariffs on countries importing Russian crude oil. This legislation directly impacts major buyers like India and China.
Why it matters
The bill creates significant geopolitical and economic tension, forcing major economies to choose between energy security and avoiding severe US trade sanctions.
Tariffs, tariffs, and more tariffs - the Donald Trump administration’s favourite economic weapon is back in focus again with the US passing a new bill that allows its president to impose tariffs of up to 100% on countries that are buying Russian crude oil in a big way. That means India is on the list, and so is China.The US House of Representatives on Wednesday approved the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026". This legislation will now go to President Donald Trump for his signature.So, will Donald Trump impose 100% tariffs on India for its Russian crude oil buys?
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