US envoy: Trump to decide in 10 Days on Russia-linked tariffs; India may be affected
What Happened
US Ambassador to India Sergio Gor said President Trump is expected to make a determination within“10 or so days” on sanctions provisions covering countries purchasing Russian oil and gas or facilitating sanctions evasion. The law authorises tariffs of up to 100%, and India is among countries that could be affected. However, Gor stressed that no country has yet been sanctioned under the law and that the measures are not targeted specifically at India.
Key Takeaways
A 100% tariff on India has not been decided. The legislation gives Trump authority to impose duties up to that level, while the eventual countries and tariff rates depend on the US determination. Asked whether India could receive an exemption or other relief, Gor said that decision rests with Trump.