US Plans ‘Economic Bunker Buster’ Bill: Will Donald Trump Impose 500% Tariff on Countries Importing Oil From Russia? How It May Impact India

US plans ‘economic bunker buster’ bill: Will Donald Trump impose 500% tariff on countries importing oil from Russia? How it may impact India

US Senator Lindsey Graham proposes a 500% tariff on countries still trading with Russia, aiming to cripple Putin's war efforts in Ukraine. The bill targets nations like India and China, major buyers of Russian oil. India, now heavily reliant on Russian oil, faces potential tariffs on its exports to the US, despite ongoing trade agreement negotiations.

US Plans 500% Tariffs On Top Russian Oil Buyers. How It Will Affect India

The United States is planning to tax countries that continue to trade with Russia even after Moscow's full-scale invasion of Ukraine three years ago.

They keep Putin's war machine going': Trump-backed Bill to slap 500% tariffs on India, China for Russia ties