A major new development in US-India trade ties. ๐บ๐ธ๐ฎ๐ณ
The US House of Representatives has passed a Russia sanctions bill that would give President Donald Trump the authority to impose tariffs of up to 100% on countries buying Russian oil and gas, including India. The bill passed 262โ159 and now heads to the White House for final approval.
The move could add fresh pressure to Indiaโs energy trade with Russia and further complicate US-India trade relations. However, the bill does not automatically impose a 100% tariff on India; it authorises the president to impose such tariffs.
The decision comes as Washington seeks to increase economic pressure on Moscow over the ongoing Russia-Ukraine war. ๐
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