Trump signs law allowing 100% tariffs on India
US President Trump signed a law allowing tariffs up to 100% on countries like India buying Russian oil. This move expands sanctions on Russia and Iran, potentially impacting trade relations significantly.
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US President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, granting him authority to impose tariffs up to 100% on countries like India and China that purchase Russian oil and gas. This move aims to strengthen economic and national security amid ongoing geopolitical tensions.
The Act expands sanctions on Russia and Iran, highlighting the US's commitment to using tariffs as a tool for safeguarding interests. The implications for trade relations with India could be significant, potentially impacting various sectors.
Not investment advice. For informational purposes only.