US Trade Deal May Shield India From 100% Tariff Risk Under Russian Sanctions Law, Sources Say
India could be insulated from a threatened 100% US tariff under the Graham Act if a bilateral trade agreement is concluded before Washington moves to enforce the sanctions framework, according to sources familiar with the talks. The prospect has injected a new layer of urgency into India-US trade negotiations, even as uncertainty persists over how aggressively the Trump administration will use the law against major buyers of Russian oil and gas.
