US to impose 500% tariff on India and China for Russian oil purchase? Bill gets Trump’s nod
The bill, chiefly written by Graham and Sen. Richard Blumenthal, D-Conn., allows the administration to impose tariffs and secondary sanctions on countries that purchase Russia's oil, gas, uranium and other exports. Washington: US tariffs on India and China could rise by up to 500 per cent as soon as next week, as President Donald Trump has given his nod to the bipartisan Russia Sanctions Bill, which could be used to penalise Moscow's trading partners, including India, China, and Brazil, over Russian oil purchases. Republican Senator Lindsey Graham, a prominent defence hawk, said the bill would give leverage against India, China,…