06-September-2026
Economy News
 
Breather for India Trump's Russia sanctions bill may be stalled for now; could have led to 100% tariffs
05-Sep-2026

US President Donald Trump may not be able to get the Russia sanctions bill passed in the House of Representatives before November, a development that would give India a breather from the possibility of up to 100% tariffs for its crude oil purchases from Moscow. The bill that received overwhelming support in the US Senate last month is facing Increasing resistance in the House of Representatives and could remain stuck there until at least the November elections, according to a Bloomberg report. Lawmakers are concerned that the legislation could give President Donald Trump broader authority to impose tariffs and potentially push oil prices higher.

News Source:- https://timesofindia.indiatimes.com/business/india-business/breather-for-india-trumps-russia-sanctions-bill-may-be-stalled-for-now-could-have-led-to-100-tariffs/articleshow/133768779.cms