Will India be hit with a 500% tariff?

14-Jul-2025

.

The Sanctioning Russia Act of 2025, a bipartisan bill introduced by Senators Lindsey Graham and Richard Blumenthal, aims to punish countries that continue to buy Russian oil and other energy products. 

The bill targets major importers like India and China and includes provisions for tariffs as high as 500%.

While no such tariff has been imposed yet, the threat has created fresh concerns in New Delhi.

Sankhanath Bandyopadhyay, economist at Infomerics Valuation and Ratings, said the impact could be severe if such measures are put into effect.