Geopolitics

The House Has Passed the Russia Oil Tariff Bill: What the 100% Threat Means for India and China

Congress moved this week to let Washington punish the biggest buyers of Russian oil with tariffs of up to 100%. India reacted within a day. The interesting question is not whether the bill becomes law, but how its mechanism actually bites, and why it was softened from 500% to 100% on the way.