House advances Russia sanctions bill: 100% tariff threat to India sourcing
The House adopted the rule 214-211 on September 15 and votes September 16 on the Lindsey O. Graham Sanctioning Russia and Iran Act, which would let the president impose tariffs of up to 100 percent on the largest buyers of Russian oil, starting with China, India and Turkey. For US retail importers it is a court-proof tariff aimed at $429 billion of sourcing.