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500% tariff threat: Trump backs bill targeting India's Russian oil imports

Trump signals support for Senate bill proposing 500% tariff on India, China over Russian oil imports.

July 09, 2025 / 12:05 IST
Trump news

US President Donald Trump said he is "strongly looking" at the new bill that would impose a 500% tariff on India and other countries for buying Russian oil.

"I'm looking at the Russia sanctions bill very strongly," Trump said.

This comes after Trump has approved the introduction of a Senate bill that would impose a 500 per cent tariff on countries continuing to trade with Russia, including India and China, Senator Lindsey Graham said in an interview.

“Big breakthrough here. So what does this bill do? If you’re buying products from Russia and you’re not helping Ukraine, then there’s a 500 percent tariff on your products coming into the United States. India and China buy 70 percent of Putin’s oil. They keep his war machine going,” Graham told ABC News.

“My bill has 84 co-sponsors. It would allow the president to put tariffs on China, India, and other countries to stop them from supporting Vladimir Putin’s war machine and get him to the table. For the first time yesterday, the president told me … I was playing golf with him [Trump]. He says, ‘It’s time to move your bill,’” Graham added.

Initially proposed in March, the legislation was delayed following White House opposition to expanding sanctions as Trump sought to reset relations with the Russian president. However, the administration now seems prepared to back the measure.

Moneycontrol World Desk
first published: Jul 9, 2025 12:03 pm

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