500% tariffs ahead for India & China? Trump clears Russia sanctions bill; what it means

The Trump administration is threatening to penalize countries buying discounted Russian oil, a move that could impact India's energy imports and trade with the US. A bipartisan sanctions bill, approved by Trump, aims to pressure nations like India, China, and Brazil to cease Russian crude purchases, which the US argues funds Putin's war in Ukraine.

Jan 8, 2026 - 10:30
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500% tariffs ahead for India & China? Trump clears Russia sanctions bill; what it means
The Trump administration is threatening to penalize countries buying discounted Russian oil, a move that could impact India's energy imports and trade with the US. A bipartisan sanctions bill, approved by Trump, aims to pressure nations like India, China, and Brazil to cease Russian crude purchases, which the US argues funds Putin's war in Ukraine.

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