Russia Sanctions Bill Passes, Authorizing Tariffs Up to 100% on China, India
Summary
The US House of Representatives passed legislation that would authorize tariffs of up to 100% on countries including China and India over their dealings with Russia. The measure gives the administration broad potential leverage against major trading partners.
House passage creates a powerful escalation option, but it does not itself impose the tariffs
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The bill links Russia sanctions to a potential global trade shock involving China and India.