US House advances Russia sanctions bill targeting India, China with 100% tariff authority
- The US House moved forward a bill imposing tariffs up to 100% on India, China, Azerbaijan, Hungary, and Slovakia.
- The bill targets top buyers of Russian oil, aiming to cut revenue funding Russia's war effort in Ukraine.
- The Senate passed it 86-11 on 7 August, with a House floor vote scheduled for Thursday.
- The 100% figure is a ceiling, not automatic; Trump retains power to set or waive the actual tariff rate.
Source: ndtvprofit.com
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