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Home > All news > Export Import, Regulations > US bill proposes 500% tariff on India and China over Russia business ties

US bill proposes 500% tariff on India and China over Russia business ties

July 3, 2025
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Trump’s latest Tariffs to heightened uncertainty for trade partners and rising inflation for consumers in US : Container xChange

WASHINGTON : A proposed US Senate bill, backed by President Donald Trump, could impose 500% tariffs on countries, including India and China, that continue trading with Russia, Republican Senator Lindsey Graham said in an interview quoted in ABC News.

According to ABC News, Graham stated, “If you’re buying products from Russia, and you’re not helping Ukraine, then there’s a 500% tariff on your products coming into the United States. India and China buy 70% of Putin’s oil. They keep his war machine . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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