100% Tariff Threat: Why Trump’s Russia Bill Puts India, China In Focus
Business Today
- Updated Sep 18, 2026 1:11 PM IST
BRICS and Washington are facing a fresh economic and geopolitical friction point after the U.S. House passed legislation allowing tariffs of up to 100% on countries that continue buying Russian oil and gas. India and China could be affected as major Russian energy buyers. The move comes days after the BRICS summit in New Delhi, where members criticised unilateral sanctions not authorised by the UN Security Council. India has maintained that its energy decisions are driven by national interest, affordability and market conditions. The potential tariffs could also affect global energy prices, trade flows and India-US trade negotiations, raising questions over the future of economic ties and BRICS cooperation.
