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Business
Trump’s Economic Bunker Buster Bill Targets India, Russia, and China
The bill’s core is simple yet devastating: any country trading with Russia will face a 500% U.S. tariff. If India imports oil from Russia, every Indian export to the U.S. will be hit with a 500% tax, effectively wiping out India’s exports. China, which imports oil, gas, uranium, and rare earth metals from Russia, will also be affected. When Europe stopped buying from Russia, India stepped in, importing crude oil, refining it, and selling it to Europe, easing their energy crisis. But India’s close ties with Russia are increasingly frustrating the U.S.
