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US Senate passes bill letting Trump impose 100% tariffs on Russian oil buyers

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The US Senate has approved legislation granting President Trump the authority to impose tariffs on countries that purchase Russian oil and gas. Nations including India and China could face tariffs as high as 100% under the new bill. The measure is designed to pressure Russia by penalizing its key energy customers. The legislation includes provisions giving the president discretionary powers and the ability to exempt allied nations. Analysts warn the move could have significant ripple effects on global energy markets and domestic US consumers.

Read the full story at Times of India

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US Senate passes bill letting Trump impose 100% tariffs on Russian oil buyers · ShortSingh