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January 8, 2026 10:54 am

50 to 500%? Tariff hike looms for India as Trump ‘favours’ Russia sanctions bill

Along with India, China and Brazil will also be under the scanner, echoing Trump’s previous threats to BRICS nations.

Intensifying his efforts to bring an end to the Ukraine war by adding more sanctions on Russia, US president Donald Trump has “greenlit” a bill which would not only increase sanctions on Moscow but also on its trade partners, including India.

“After a very productive meeting today with President Trump on a variety of issues, he greenlit the bipartisan Russia sanctions bill. I look forward to a strong bipartisan vote, hopefully as early as next week,” said Graham in his statement.

The Republican lawmaker added that this bill will “allow” Trump to “punish countries who buy cheap Russian oil fueling Putin’s war machine”. Continue reading

Targeting Russia’s trade partners, this list of countries will also include India, which is already paying a high tariff due to its purchase of Russian oil.

In August 2025, Trump announced an additional 25 percent tariff on Indian goods as a “penalty for India’s purchase of Russian oil.”

Along with India, China and Brazil will also be under the scanner, echoing Trump’s previous threats to BRICS nations.

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