US President Trump Eyes 500% Tariffs on India Amid Escalating Russia Sanctions
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US President Donald Trump has given the green light to a bipartisan bill that could impose significant sanctions on Russia and its trade partners, including India. The 'Sanctioning Russia Act of 2025' aims to punish countries that support Russia's actions in Ukraine by imposing harsh penalties. The bill, which has been "greenlit" by Trump, targets countries that refuse to negotiate a peace agreement with Ukraine, violate a negotiated peace agreement, or engage in activities that hinder the peace process. If passed, the bill would allow Trump to impose sanctions on countries that knowingly engage in the exchange of Russian-origin uranium and petroleum products. India is already facing high tariffs from the US, with a total of 50% levied on its goods and services. Trump has hinted that he may increase the tariff to 500% under the new bill, citing India's continued purchase of Russian oil. The bill's provisions include visa bans, property-blocking sanctions, and tariffs as high as 500% on goods and services imported into the US from countries that support Russia's actions in Ukraine. The bill's passage is expected to have significant implications for India's trade relations with the US. The country's continued purchase of Russian oil has already drawn the ire of the US administration, and the imposition of 500% tariffs could have a devastating impact on India's economy. The bill's sponsors, including Republican Senator Lindsey Graham, are optimistic about its chances of passage. Graham stated that he is hopeful for a strong bipartisan vote on the bill, which could take place as early as next week. The bill's provisions are aimed at punishing countries that support Russia's actions in Ukraine and promoting peace in the region. The full bill can be read here. The implications of this bill on India's trade relations with the US will be closely watched in the coming days.
