The US is considering imposing 100% tariffs on countries that continue to buy Russian oil, with countries like China, India, and Brazil potentially affected. $G

This move is part of the US's effort to cut off financial support to Russia amid the ongoing Ukraine conflict. US Senator Lindsey Graham has warned that countries buying Russian oil at discounted prices are profiting from "blood money" and will face consequences.$GPS

However, there's a recent development in India-US trade talks. The US has agreed to drop a 25% tariff linked to India's Russian oil purchases, with India committing to stop buying Russian oil and increase purchases from the US. $ARC