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Home > News > World News > Videos > Trump nods 500% tariff bill on Russian oil buyers, India-China to face sanctions shocker?

Trump nods 500% tariff bill on Russian oil buyers, India-China to face sanctions shocker?

08 January,2026 03:15 PM IST

United States President Donald Trump has backed a powerful new bipartisan bill aimed at punishing countries that continue to buy Russian oil, according to Republican Senator Lindsey Graham. The proposed legislation would give Trump the authority to impose tariffs of up to 500 percent on imports from nations doing business with Russia’s energy sector. China and India are expected to be among the most impacted.

08 January,2026 03:15 PM IST

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