, TOI correspondent from Washington: With no end in sight to Washington’s tariff dispute with India, more troubles appear to be looming for New Delhi after US President Donald Trump on Wednesday gave the green light to a sweeping bipartisan legislation that will authorize him to impose primary and secondary sanctions as well as punitive tariffs of up to 500% on Moscow and countries that still buy oil from Russia, After approving the proposed Russia Act, it is called the Graham-Blumenthal bill after the senators who sponsored it, This will increase pressure on Russia and all the BRICS countries like China, India and Brazil, which till now have been facing existing US sanctions and tariffs, By legislatively empowering Trump beyond his current executive authority, lawmakers, in conjunction with the White House, are trying to get ahead of a U,S, Supreme Court decision in the tariff case โ possibly this month โ that is widely expected to go against the administration, โThis bill would allow President Trump to punish countries that buy cheap Russian oil that fuels Putinโs war machineโฆ Senator Lindsey Graham posted on Twitter after a meeting where he said Trump has given the green light to the legislation, giving him tremendous leverage against China, India and Brazilโฆ encouraging them to stop buying the oil that finances Putinโs genocide against Ukraine,.
Trump supports bill to impose tax on India up to 500%
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