Washington: (RightNow) U.S. President Donald Trump has signed a sanctions law concerning Russia and Iran. This law opens the path for imposing up to 100% additional tariffs on countries like China and India.

Currently, these tariffs are not enforced on China and India. Trump is authorized to impose a 100% tariff on goods from major buyers of Russian oil or gas under specific conditions.

According to Reuters, these tariffs can be imposed within 30 days under this law. The law aims to pressure countries purchasing Russian oil.

This move could impact the U.S. economy and alter global trade relations. China and India are considered potential affected countries.

It is noteworthy that China and India are major purchasers of Russian oil and gas. U.S. sanctions could affect their energy acquisition.