US House To Vote On Russian Oil Bill: India Faces Threat Of 100% Tariffs
The US House of Representatives is set to vote on a key bill that proposes tariffs of up to 100% on countries purchasing Russian oil, potentially impacting Indian goods. Having previously passed the US Senate on August 8, the legislation has been fast-tracked and now heads towards the US House. If approved by the US Congress and signed into law by the US President, it would grant the authority to impose secondary tariffs on nations trading in Russian oil. The measure gives presidential discretion on whether and where to levy such penalties, raising concerns in India over the weaponisation of international trade tariffs.
