US Passes 100% Tariff Bill Amid Russia-Ukraine War, Russian Oil Imports And India Trade Deal
The United States House of Representatives has passed a bill proposing 100 percent tariffs on countries trading oil and energy with Russia, passing with a 262 to 159 vote.
The legislation now awaits the signature of United States President Donald Trump.
US lawmakers stated the bill aims to target enablers helping Russia evade sanctions and to cut off funding for the war in Ukraine.
The development comes at a critical juncture as India and the United States work on a trade deal.
India has maintained that it will not compromise on its national energy security, prioritising domestic requirements and pricing over external pressure.
The bill, previously introduced in the Senate, also provides leverage ahead of upcoming international diplomatic engagements and US midterm elections.
Indian Commerce Minister Piyush Goyal had noted that trade deal announcements would consider upcoming tariff findings, making this new congressional legislation a significant variable in bilateral discussions.
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