Trump signs law allowing 100% tariffs on India
after close1 source ↓written by the desknot a recommendation
- on countries like
- 100%
US President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, enabling him to impose tariffs of up to 100% on countries like India and China that purchase Russian oil and gas. This law aims to strengthen sanctions against Russia and Iran, reflecting a bipartisan consensus on using tariffs for national security.
The implications for trade relations with India could be significant, potentially impacting sectors reliant on energy imports and trade with the US.
Not investment advice. For informational purposes only.