A 500% tariff on Russian oil buyers? Why a US bill could shut India out of its biggest export market

First 25%, then another 25%....now a possible 500% tariff. The number sounds extreme because it is designed to end commerce, not tax it. If a 500% tariff is imposed, it would effectively be a trade embargo that for all practical purposes halt all Indian exports to the US.

A 500% tariff on Russian oil buyers? Why a US bill could shut India out of its biggest export market
First 25%, then another 25%....now a possible 500% tariff. The number sounds extreme because it is designed to end commerce, not tax it. If a 500% tariff is imposed, it would effectively be a trade embargo that for all practical purposes halt all Indian exports to the US.