500% Tariffs Could Hit India and China as Trump-Backed Russia Sanctions Bill Advances: Explained
A sweeping new US sanctions proposal targeting countries that continue importing Russian petroleum and uranium products is set to reshape global trade dynamics if enacted, with India, China, and Brazil among the most exposed economies. The proposed legislation, backed by former US President Donald Trump, would authorise tariffs of up to 500% on imports from […]
Trump Pushes New Sanctions Bill Targeting Russia’s Trade Partners, Including India
As the war in Ukraine enters another year, US President Donald Trump signaled that he is now willing to support sweeping sanctions on countries that continue trading with Russia a list that includes India. Speaking to reporters in Florida on Sunday, Trump said Republican lawmakers are preparing legislation that would impose strict penalties on any […]