Tag Archives: Global trade tensions

500% Tariff on India Over Russia Oil Trade Gets Trump’s Backing: What the Bill Means for Global Trade

500% tariff on India

A proposed US legislative bill threatening a 500% tariff on India over its continued trade in Russian oil has emerged as a major flashpoint in global geopolitics. The bill, which aims to penalize countries that maintain significant economic ties with Russia despite Western sanctions, has reportedly received backing from former US President Donald Trump—adding political […]