Indian exporters worry new US tariff law will disrupt trade
President Trump signed the Sanctioning Russia and Iran Act on September 18, authorising tariffs of up to 100 per cent on countries buying Russian oil and gas, including India. Indian exporters said the law creates uncertainty and could severely disrupt exports, but the impact depends on the tariff rate, product coverage and implementation schedule.
Why it matters: This matters for trade policy because it illustrates how US sanctions legislation can inject uncertainty into bilateral trade relations and affect export decisions.