India’s tariff risk remains as US House prepares to vote on Russia sanctions bill
BusinessLine 1 hr ago·16 Sept 2026, 7:02 am
A key committee in the US House of Representatives has rejected two Democratic amendments that sought to specifically target India with high tariffs and limit the President's trade enforcement powers. This setback means the broader legislation to impose new sanctions on Russia is moving forward without these specific measures attached. Consequently, the immediate threat of a 100% tariff on Indian goods has been removed from the bill's current form.
For investors, this development is a relief, as it reduces the probability of a sudden, broad-based trade war between the US and India. The focus now shifts to the full House vote, where the final text of the bill could be amended. Traders should watch for any last-minute political negotiations that might reintroduce trade barriers, but for now, the immediate tariff risk appears to have eased.
Excerpt from BusinessLine
The US House of Representatives is set to vote on the Lindsey O Graham Sanctioning Russia and Iran Act of 2026 on Wednesday which, if passed and signed into law by US President Donald Trump, could give him the authority to impose tariffs of up to 100 per cent on countries that he determines are major buyers of Russian…Read the original at BusinessLine
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