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Comment on 100% Tariff Threat Looms On India With Senate Approving Russia Sanctions Bill by FreePerson
['Abhinav Codeblendlabs.Com']
Comments for IndiaWest News
100% Tariff Threat Looms On India With Senate Approving Russia Sanctions BillWASHINGTON, DC – The US Senate has passed a sweeping Russia sanctions bill that exposes India and other major buyers of Russian energy to tariffs of up to 100 per cent, raising concerns over potential trade implications.
The bill does not name specific countries but mandates the US administration to identify them using trade data.
It targets the largest importers of Russian crude oil and natural gas, as well as countries facilitating sanctions evasion, with reviews every 180 days.
Tariff provisions have drawn criticism from some lawmakers, who argue they grant sweeping authority to US President Donald Trump.
The House of Representatives is in recess until August 31 and has not indicated when it will take up the bill.