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Trump gains a tariff weapon against China and India. Will he use it?
Source: CNBC
Tax & TariffsSanctions & Export ControlsGeopolitics & WarTrade Policy & Supply ChainElections & Domestic Politics
The U.S. House advanced legislation that would permit President Trump to impose tariffs of up to 100% on countries purchasing Russian oil, targeting leverage over major buyers India and China. The measure raises risks of escalated trade friction, disruptions to Russian oil flows and higher costs for affected importers, though it has not yet become law.
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