100% US tariff threat over Russian oil: India may have reasons to stay calm
A bipartisan group of US senators proposed a bill that would impose 100% tariffs on countries, including India and China, for importing Russian oil. This follows a previous 25% tariff imposed on India last year, which was later reversed. Despite the threat, analysts suggest India may remain unaffected due to its diversified oil imports and the stabilizing role of Russian crude in the global market.