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US plans ‘economic bunker buster’ bill: Will Donald Trump impose 500% tariff on countries importing oil from Russia? How it will impact India

IndiaTimes Wednesday, 2 July 2025
US Senator Lindsey Graham proposes a 500% tariff on countries still trading with Russia, aiming to cripple Putin's war efforts in Ukraine. The bill targets nations like India and China, major buyers of Russian oil. India, now heavily reliant on Russian oil, faces potential tariffs on its exports to the US, despite ongoing trade agreement negotiations.
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