India may be able to avoid a threatened 100% US tariff under a new Russian sanctions framework if a bilateral trade deal is concluded in time, according to sources familiar with the discussions. The prospect has injected fresh urgency into negotiations as Washington weighs punitive measures against major buyers of Russian oil and gas, a category that includes India.
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"US Trade Deal Could Spare India from 100% Tariff Threat Under Russian Sanctions Law, Sources Say"
India may be able to avoid a threatened 100% US tariff under a new Russian sanctions framework if a bilateral trade deal is concluded in time, according to sources familiar with the discussions. The prospect has injected fresh urgency into negotiations as Washington weighs punitive measures against major buyers of Russian oil and gas, a category that includes India.
US Trade Deal Could Spare India from 100% Tariff Threat Under Russian Sanctions Law, Sources Say
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (04:00 PM IST)•5 min read
India may be able to avoid a threatened 100% US tariff under a new Russian sanctions framework if a bilateral trade deal is concluded in time, according to sources familiar with the discussions. The prospect has injected fresh urgency into negotiations as Washington weighs punitive measures against major buyers of Russian oil and gas, a category that includes India.
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