Trump's 500% Tariff on Russian Oil Buyers: US Consumers Face Soaring Prices

• Donald Trump plans a 500% tariff on countries buying Russian oil, including India, impacting US consumers.
• The US heavily relies on India for daily-use items; tariffs on Indian products will lead to price hikes.
• In September, India's share exceeded 50% in several US import categories worth over $500 million.
• India dominates US imports of non-printed cotton bed linen (59%), table linen (81.5%), and flexible intermediate bulk containers (69%).
• Despite proposed tariffs, the US itself imported uranium from Russia in 2024, while India's export share in some categories has declined.

Why It Matters: Trump's proposed 500% tariff on Russian oil buyers could significantly raise prices for US consumers.