The record
Written from the 1 report below. Nothing here is unsourced.
- The US House of Representatives has approved a bill allowing President Donald Trump to impose tariffs of up to 100% on countries buying oil and gas from Russia.
- India, which buys oil from Russia, could fall within the scope of this tariff provision.
- The stated aim of the bill is to increase pressure on Russia's oil and gas revenues.
- US tariffs on Indian goods have already moved from 10% in February 2025 to 50% by August 2025, before being cut to 18% in February 2026 and raised back to 10% in July 2026.
- India has warned the United States that such steps could affect relations between the two countries.
What to watch next
- How the 100% tariff provision is implemented after the House approval.
- Whether the bill moves through the US Senate to become law.
- The impact of any new tariff on India-US trade and India's Russian oil purchases.
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Named United States · India · Russia · Iran · Donald Trump · United States House of Representatives
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