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The Economic Times
The Economic Times

100% tariff danger for India nears as Russia Sanctions Bill advances in US House amid surprise vote twist

The fate of potential 100 per cent US tariffs on India, China and other major buyers of Russian oil and gas now rests with the US House of Representatives, which has advanced the Russia Sanctions Bill that would give Donald Trump authority to impose the steep duties on countries continuing to buy Russian energy.

The House is expected to hold a final vote on the legislation on Wednesday.

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