‘Not necessary, but…’: Trump reacts to Russia sanctions bill that threatens 100% tariffs on India
US President Donald Trump has suggested modifying a Senate-backed Russia sanctions bill to include Iran, while expressing reservations about the bill's potential to impose 100% tariffs on countries like India. The bill aims to pressure Moscow over the Ukraine invasion but faces legislative hurdles regarding presidential authority.
Why it matters
The legislation could significantly impact global trade relations and energy markets, particularly for major importers of Russian oil like India and China.
US President Donald Trump on Wednesday reacted to the Russia sanctions bill that has cleared the US Senate and could put India and four other countries at risk of facing tariffs up to 100%, suggesting a modification to give him broad powers to impose tariffs on Iran.The sanctions bill, authored by the late Senator Lindsey Graham, advanced on Tuesday and is aimed at increasing economic pressure on Moscow over its invasion of Ukraine. Notably, India is the second-largest importer of Russian crude oil after China.ALSO READ | India, China ‘main culprits’, key targets of Russia sanctions bill: US senatorTrump reacts to bill threatening 100% tariffs on IndiaThe US president, speaking to reporters in the Oval Office, said lawmakers should revise the Russia sanctions bill to give him broad authority to impose tariffs on Iran.His proposal could slow the legislation as it heads to the House of Representatives."It shouldn't be necessary,…
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