Now Reading: US Senate passes Russia sanctions bill with 100% tariff option
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US Senate passes Russia sanctions bill with 100% tariff option
The US Senate has passed a bipartisan bill allowing President Donald Trump to impose tariffs of up to 100% on countries making significant purchases of Russian oil and gas. India and China…
The Story in Brief
The US Senate has passed a bipartisan bill allowing President Donald Trump to impose tariffs of up to 100% on countries making significant purchases of Russian oil and gas. India and China are among the countries that could be affected. The bill must still pass the House of Representatives before reaching the White House.
The penalties would not be automatic. The measure gives the president broad powers to waive, delay or change them. It also targets Russia’s banks, shipping companies and shadow fleet, and extends the Iran Sanctions Act until 2031. India, one of the largest buyers of discounted Russian crude since 2022, could face pressure on both energy supplies and exports such as pharmaceuticals, textiles and engineering goods.
The Indian Opinion
The loudest claims, that India will immediately face a 100% tariff or that the bill is harmless, both go too far. The Senate has created authority, not imposed a penalty, and the House, final text and presidential waivers still matter. Yet the risk is real because India remains a major Russian oil buyer. The practical test is whether Washington uses the power after the House vote, and against which Indian exports.
Sources (4): ndtv.com, timesofindia.indiatimes.com, timesnownews.com, hindustantimes.com
This story was synthesised by AI from the 4 sources linked above.
Updated: this story now draws on 4 sources.
