Trump Backs 500% Tariff Invoice Concentrating on International locations Shopping for Russian Oil. Will It Have an effect on India?


US President Donald Trump has accepted a Senate invoice that might impose tariffs of as much as 500 per cent on international locations, together with China and India, that buy oil and power merchandise from Russia.

US Senator Lindsey Graham in a dialog with ABC Information on Sunday mentioned that Trump had instructed him that the sanctions invoice needs to be introduced ahead for a vote. 

“Massive breakthrough right here. So what does this invoice do? For those who’re shopping for merchandise from Russia and also you’re not serving to Ukraine, then there’s a 500% tariff in your merchandise coming into the US. India and China purchase 70% of Putin’s oil. They preserve his battle machine going,” Graham mentioned, ABC reported.

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