India, China face 100% tariff over Russian oil
US President Donald Trump has signed legislation authorizing tariffs of up to 100% on countries like India and China if they continue purchasing Russian oil. The law aims to reduce Russia's revenue and increase economic pressure regarding the war in Ukraine.
Why it matters
This represents a significant shift in US trade policy that could disrupt global energy markets and strain diplomatic relations with major importers of Russian crude.
US President Donald Trump Friday signed into law the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, giving himself the authority to impose tariffs of up to 100% on countries, including India and China, that continue buying Russian oil and gas. The law “authorizes and expands statutory sanctions, tariffs, and prohibitions on Russia and extends existing sanctions on Iran,” the White House said in a statement. The Act is named to honour a veteran Republican Senator and a Russia hawk who died in July.
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