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100% tariffs on India soon? US Senate clears Russia sanctions bill; 10 things to know

The US Senate approved a bill allowing President Trump to impose tariffs on nations buying Russian energy. India could face up to 100% tariffs on its goods if the bill becomes law. This legislation pressures countries to choose between US markets and Russian energy purchases. India has increased its Russian oil imports for energy security and cost reduction. The bill now moves to the House of Representatives for further consideration.
100% tariffs on India soon? US Senate clears Russia sanctions bill; 10 things to know
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chris fr

15d ago
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