US bill proposes 500% tariff on India, China over Russia business ties

03-Jul-2025

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A proposed US Senate bill, backed by President Donald Trump, could impose 500% tariffs on countries, including India and China, that continue trading with Russia, Republican Senator Lindsey Graham said in an interview with ABC News.

According to ABC News, Graham stated, "If you’re buying products from Russia, and you’re not helping Ukraine, then there’s a 500% tariff on your products coming into the United States. India and China buy 70% of Putin’s oil. They keep his war machine going."

The bill is reportedly expected to be introduced in August, marking a significant escalation in US efforts to isolate Russia economically. If enacted, the bill could severely impact India and China, the largest buyers of discounted Russian crude. For India, the move also risks tariffs on exports like pharmaceuticals, textiles, and IT services.