US President Donald Trump is taking 60 days to assess the global and domestic economic impact of sanctions on Russia and tariffs on countries buying Russian oil. Secretary of State Marco Rubio said the waivers offer relief to India amid energy uncertainties
A US House-passed bill could allow President Donald Trump to impose tariffs of up to 100 per cent on India over Russian oil purchases, GTRI said. It warned such measures could threaten Indian exports, energy security and trade relations with Washington