world ๐จ US proposes 100% tariffs on oil importers
The US House moved a bill proposing 100 percent tariffs on nations importing Russian crude oil. This legislation targets countries like India and China to curb trade funding the war in Ukraine. The measure grants the US President power to impose duties on trading partners. India's Ministry of External Affairs stated that energy sourcing decisions are strictly guided by national interest. This development puts bilateral trade dynamics under increased scrutiny.