Russian oil purchase: How 500% tariff could upend $120 billion India-US trade – explained

US President Donald Trump has backed a bill that could levy 500% tariffs on countries buying Russian oil, giving the US leverage over major buyers such as China and India to curb imports from Moscow. …

US President Donald Trump has backed a bill that could levy 500% tariffs on countries buying Russian oil, giving the US leverage over major buyers such as China and India to curb imports from Moscow.

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