Trump's 500% Tariff Threat: Is India's Russian Oil Trade at Risk?

World
M
Moneycontrol•08-01-2026, 13:55
Trump's 500% Tariff Threat: Is India's Russian Oil Trade at Risk?
- •US proposes 'Sanctioning Russia Act of 2025', allowing 500% tariffs on countries trading in Russian oil and gas.
- •Donald Trump has 'greenlit' the bipartisan bill, increasing pressure on nations like India and China.
- •India and China are major buyers of discounted Russian crude, making them primary targets of the proposed sanctions.
- •Previous US tariffs on Indian goods linked to Russian oil purchases already reached 50%, with a 500% jump being economically devastating.
- •The 500% tariff is currently a threat, used as leverage in peace talks, but its inclusion in proposed law marks a sharp escalation.
Why It Matters: US 500% tariff threat on India for Russian oil is real leverage, not yet a certainty.
✦
More like this
Loading more articles...





