Congress seeks Piyush Goyal’s clarification on proposed U.S. Bill for 100% tariff on India over Russian oil purchases
AI Summary
The US Congress is seeking clarification from Piyush Goyal regarding a proposed bill that would impose a 100% tariff on India for its purchases of Russian oil. The bill also targets China, Slovakia, Hungary, and Azerbaijan with the same tariff, while 15 European countries importing Russian gas are exempted.
Besides India, China, Slovakia, Hungary and Azerbaijan also face 100% U.S. tariff under proposed legislation; 15 European countries importing Russian gas exempted
World Politics Markets Commodities Energy US Congress tariff Russian oil India trade sanctions energy imports legislation