U.S. law enables up to 100% tariffs on countries purchasing Russian energy; China and India most exposed.
Macro & Markets ·
U.S. legislation permits tariffs reaching 100% on goods from countries that substantially purchase Russian oil and gas or help Moscow circumvent sanctions, with implementation required within 30 days. China and India face the greatest exposure under these provisions, having imported 50% and 37% of Russian oil exports respectively during the December 2022 to August 2026 period. Countries importing less than 15% of their gas from Russia while reducing that share may qualify for exemptions, though the president retains authority to suspend tariffs on national security grounds, placing final enforcement decisions with the White House.