Not just India and China, EU also at risk from US 500% tariff

  • Posted on January 9, 2026
  • By Business News Today
  • 5 Views
Not just India and China, EU also at risk from US 500% tariff

A new US bill allows for steep tariffs on countries importing Russian petroleum, potentially impacting China, India, and the EU. Russia has earned over $1.2 trillion from fossil fuel exports since the Ukraine conflict began. While China and India are major oil importers, the US action aims to pressure Russia into negotiations.
continue reading...

Author
Business News Today

You May Also Like