Tariffs Up To 100 Percent Possible Under US House Bill On Russia And Iran

The US House of Representatives advanced a bill that could let President Donald Trump apply tariffs up to 100%. The measure targets countries still buying Russian oil and gas. India is among countries mentioned during House discussion. The bill is set for House action after a procedural step cleared debate.

The House Rules Committee voted 7-3 on September 14 to move the measure forward. The bill is named the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. Democratic amendments were rejected during this process. Debate on the rule began around midday on September 15. The House then prepared the bill for final passage.

The Senate had already approved the same legislation on August 7 by an 86-11 vote. If the House passes it, the bill would go to the White House. If President Trump signs it, President Trump would decide whether tariffs are used. The proposal does not impose an automatic 100% tariff on India.

India has bought large volumes of Russian crude since the Russia-Ukraine war began. That energy trade has added strain in ties with Washington. Democrats, led by Representative Steny Hoyer, proposed a House amendment listing India and others. The list included China, Turkey, Azerbaijan, Hungary, Slovakia, the UAE, Singapore, Kazakhstan, and Kyrgyzstan.

The tariff option matters because the Senate bill points to the largest buyers of Russian oil and gas. It does not automatically apply duties to every named country. For India, any tariff risk links to exports too. The US is one of India’s biggest export markets. Any added duty could raise costs across multiple sectors.

Tariffs Up To 100 Percent Possible

Key Indian export segments that could face pressure if duties rise include the following.

SectorExamples cited
HealthcarePharmaceuticals
ManufacturingEngineering goods, auto components
Consumer and retail supplyTextiles and apparel
Industrial inputsChemicals
Luxury and retailGems and jewellery

Markets are watching the final House vote and the next step at the White House. The bill would mainly expand presidential discretion on tariff levels, up to 100%. India’s exposure depends on how President Trump uses that authority. Any decision could affect both energy-linked policy talks and goods trade with the US.

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+