Trump signs bill allowing 100% tariffs on India, China over Russian oil

The US House of Representatives has passed a bill granting President Donald Trump broad powers to levy tariffs of up to 100% on the top five purchasers of Russian oil and gas, including India and China. The legislation aims to intensify sanctions on Russia amid ongoing conflict in Ukraine, according to multiple sources.

The bill, signed by President Trump, authorizes tariffs of up to 100% on imports of Russian oil and gas by the largest buyers, with India and China being the most significant. This move is part of a broader US strategy to reduce Moscow's energy sector revenues and pressure Russia over its actions in Ukraine.

Experts note that the sanctions bill also extends to Iran, reflecting a wider geopolitical approach. The passage of the bill coincided with a night of renewed Russian attacks on Ukraine involving ballistic missiles and drones, underscoring the urgency behind the US response.

Senior officials emphasize that the sanctions target Russia's energy sector, financial institutions, and its shadow fleet to curtail Moscow's capabilities. The legislation is seen as symbolic of the US commitment to support Ukraine and counter Russian aggression.

While some sources report varying figures on the extent of tariffs and sanctions, the consensus from multiple outlets confirms the 100% tariff provision on the top Russian oil purchasers. The bill's enactment comes ahead of a planned meeting between President Trump and Chinese President Xi Jinping, highlighting its strategic timing.