500% tariffs on Russian oil buyers?: What the new US Bill means for India | Trump tariffs | India-US
Last Updated : Jan 08 2026 | 8:08 PM IST
US President Donald Trump has signalled support for a bipartisan Bill that proposes sweeping penalties on countries buying Russian oil. If passed, the move could sharply raise tariffs on imports from India, China, and Brazil, escalating pressure over continued energy trade with Moscow.