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India issues 1st statement on US' bill that can hit India with 500% tariffs
short by Arshiya Chopra / on Friday, 9 January, 2026
After Donald Trump approved a bill, 'Sanctioning Russia Act of 2025', that could impose 500% tariffs on India, MEA said, "We're closely following the developments" "[On energy sourcing], we're guided by the evolving dynamics of global market and by imperative to secure affordable energy from diverse sources to meet the energy security needs of our 1.4 billion people," it added.
read more at ANI