US Bill Proposes 100% Tariffs on India and China Over Russian Oil

US senators have introduced a bill that would impose tariffs of up to 100% on India, China, and four other countries for purchasing Russian oil. The proposed tariff threat was initially set at 500% but has been lowered to 100%, providing relief to India and China. The bill targets countries buying Russian oil as a response to Russia's actions. The proposal is still under consideration in the US Senate.