Trump Backs Russia Sanctions Bill, Threatening Up to 500% Tariffs on Oil Buyers Like India
3 hours agoPolitics
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54 SourcesWashington (state), United States
TBNthebalanced.news
Trump Backs Russia Sanctions Bill, Threatening Up to 500% Tariffs on Oil Buyers Like India

US President Donald Trump has approved a bipartisan Russia sanctions bill, potentially leading to tariffs of up to 500% on countries purchasing Russian oil, including India, China, and Brazil. Senator Lindsey Graham, a key sponsor, stated the bill aims to pressure these nations to cease fueling Russia's war machine. While the bill could face a Senate vote soon, its ultimate impact and enforcement remain subjects of discussion, with some analyses suggesting India might be disproportionately targeted compared to China.

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