- Did the crisis on India increase?
- Donald Trump's signature…
- 100% tariff bump
US 100% Tariff Impact : There is a lot of tension in the world market right now. India will now be charged 100% duty. US President Donald Trump has signed the 'Russia and Iran Sanctions Act'. The law gives Trump the power to impose tariffs of up to 100% on Russia and countries that buy large amounts of energy from it. As India is a major importer of Russian oil along with China, India is among the key countries targeted by Trump. Exactly what will be the impact on India” Tariff impact)
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According to this bill, if Trump imposes 100% tariffs on India, it could have major consequences, as India and the US are major trading partners and India's exports to the US are significant.
What exactly is the law and how does it work?
'Lindsey O. The bill, called the Graham Russia and Iran Sanctions Act of 2026, targets five countries that buy large amounts of crude oil from Russia: China, India, Slovakia, Hungary and Azerbaijan. The bill passed the US Senate last August by a vote of 86-11. It was later approved and now the White House has announced that President Trump has signed it.
The law expands sanctions already in place not only on Russia, but also on Iran. In particular, Trump now has the authority to impose tariffs of up to 100% on countries that buy Russian oil and gas. Under the Act, the US Trade Representative will review the list every 180 days. However, India has made it clear that its interests will not be compromised by this decision.
A major crisis for India, a major buyer of Russian oil
India has been steadily importing Russian oil since the beginning of the Russia-Ukraine war and has been increasingly buying this crude oil at subsidized rates. Currently, India is buying more than 40% of its total oil requirement from Russia. According to the report, India purchased approximately 2.08 million barrels of crude oil per day from Russia in August 2026. Earlier, the figure was as high as 2.82 million barrels per day in July.
Now, if India buys oil from other countries instead of Russian oil due to the threat of 100% tariffs from the US, it will directly increase its import bill. Buying expensive oil will also increase the risk of inflation in the country. Inflation on petrol and diesel in particular can have a serious impact, which will seriously affect the common man.
Effect of tariffs on trade with the United States
Currently, US tariffs on India are 18%, but if India continues to buy Russian oil under the new bill, it could face 100% tariffs. This will have a direct impact on India's export bill. The increased tariffs will make Indian goods more expensive in the US and American consumers will shift to cheaper alternatives from Bangladesh, Vietnam or other countries, which will significantly affect India's exports.
Risk of decline in demand for goods
To understand the impact of the 100% US tariff, it is necessary to examine India's exports to the US. Textiles, gems, jewellery, engineering goods, leather goods, marine products and chemicals are exported to the US in large quantities. Tariffs threaten to reduce demand for these goods.
India's exports to the US rose by 21.83% to $8.4 billion (over Rs 80,000 crore) in August 2026 compared to the corresponding period of the previous financial year, while imports to the US rose by 65.78% to $5.97 billion, according to the latest data on trade in goods and merchandise released by the ministry.
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