Now Reading: US Senate clears bill for 100% tariffs on India over Russian oil
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US Senate clears bill for 100% tariffs on India over Russian oil
US Senate clears bill for 100% tariffs on India over Russian oil
The US Senate voted 86-11 on Friday to pass the Lindsey O Graham Sanctioning Russia and Iran Act 2026, which authorises up to 100% tariffs on countries buying Russian oil, gas and…
The Story in Brief
The US Senate voted 86-11 on Friday to pass the Lindsey O Graham Sanctioning Russia and Iran Act 2026, which authorises up to 100% tariffs on countries buying Russian oil, gas and other exports. India is named among five target economies, along with China, Slovakia, Hungary and Azerbaijan.
The bill now moves to the House of Representatives, where Republican leaders control the calendar, and then to President Donald Trump for signature. The legislation gives the US Trade Representative discretion on the tariff rate and includes a presidential waiver for national interest, so India would not automatically face the levy. The vote adds uncertainty to ongoing India-US trade talks, with White House officials declining to comment on the impact.
The Indian Opinion
Headlines screaming '100% tariffs on India' exaggerate the threat: the bill gives the US president wide waiver powers, and the House may soften it further. But Indian readers should not shrug off the signal. Buying discounted Russian crude has saved money but made New Delhi a named target in US law. The real test is whether the trade deal being negotiated can carve out an exemption before the measure reaches the White House.
Sources (4): hindustantimes.com, hindustantimes.com (2), timesofindia.indiatimes.com, ndtv.com
This story was synthesised by AI from the 4 sources linked above.
Updated: this story now draws on 4 sources.
