BusinessAI imageUS Law Threatens Up to 100% Tariff on India Over Russian Oil
The US House of Representatives passed a bill granting President Donald Trump authority to impose heavy tariffs, up to 100%, on countries like India that buy Russian oil and gas. The Global Trade Research Initiative (GTRI) warned this could severely impact India. The law aims to reduce dependence on Russian energy and allows tariffs on the top five buyers of Russian crude, including India and China. GTRI founder Ajay Srivastav cautioned India against compromising its energy security or signing unequal trade deals under US pressure.
Prabhasakshi·


