A proposed US Senate bill could impose a 500% tariff on countries that trade with Moscow, including major buyers such as India and China, as Washington pushes for new sanctions backed by President Trump to isolate Russia’s war economy.
Speaking to reporters on Sunday, Trump said Republicans were drafting the legal framework for further sanctions and added: “That's ok with me.” He said, “Any country that does business with Russia will be very severely sanctioned,” and added that “we may add Iran to the formula.”
