Breather for India? Trump’s Russia sanctions bill may be stalled for now; could have led to 100% tariffs

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Breather for India? Trump’s Russia sanctions bill may be stalled for now; could have led to 100% tariffs

September 5, 2026

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Lawmakers are concerned that the legislation could give President Donald Trump broader authority to impose tariffs and potentially push oil prices higher. Meanwhile, India’s reliance on Russian crude has increased sharply and is at record levels.

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