Could India’s cheap Russian oil imports cost it a 500% US tariff?

  • Posted on July 2, 2025
  • By Business News Today
  • 1 Views
Could India’s cheap Russian oil imports cost it a 500% US tariff?

Washington could soon slap a heavy 500 per cent tariff on goods from countries still trading with Russia, with India firmly in its sights. US Senator Lindsey Graham says India and China keep Russias war going by buying most of its oil. India now buys more Russian oil than it does from the Gulf. Former President Donald Trump backs the tough bill but also holds the final say. A separate trade deal might soften the shock if agreed soon.
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