US Approves Bill for High Tariffs on Nations Importing Russian Oil, Impacting India
8 hours agoPolitics
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6 SourcesWashington (state), United States
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US Approves Bill for High Tariffs on Nations Importing Russian Oil, Impacting India

US President Donald Trump has approved a bipartisan bill proposing up to 500% tariffs on countries importing Russian oil and uranium, aiming to pressure nations like India, China, and Brazil. This move escalates existing trade tensions, as India already faces 50% US tariffs on some goods. Poland has expressed satisfaction with India's reduced Russian oil imports, viewing it as a step against Russia's war machine. The bill's passage could significantly impact India's exports to the US, with market reactions already showing concern.

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