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Trump backs sanctions bill that provides for very high tariffs on India, China for...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo NEW YORK, Jan 8 : US President Donald Trump has backed a sanctions bill that could impose 500 per cent tariffs on countries buying Russian oil, giving the White House leverage against countries like China and India to stop them from purchasing cheap oil from Moscow. US Senator Lindsey Graham on Wednesday said that the legislation would give the White House “tremendous leverage” against countries like China, India and Brazil to incentivise them to stop buying cheap oil from Russia. “After a very productive meeting today with President Trump on a variety of issues, he greenlit the bipartisan Russia sanctions bill that I have been working on for months with Senator Blumenthal and many others,” Graham said in a post on X Wednesday.

Trump backs sanctions bill that provides for very high tariffs on India, China for...

Credit: Dailyexcelsior

Key Highlights

  • “This will be well-timed, as Ukraine is making concessions for peace, and Putin is all talk, continuing to kill the innocent.
  • This bill will allow President Trump to punish those countries who buy cheap Russian oil, fuelling Putin’s war machine,” he said.
  • “This bill would give President Trump tremendous leverage against countries like China, India and Brazil to incentivise them to stop buying the cheap Russian oil that provides the financing for Putin’s bloodbath against Ukraine,” he added.
  • Graham said he looks forward to a “strong” bipartisan vote on the bill, “hopefully as early as next week.” Trump has imposed 50 per cent tariffs on India, among the highest in the world, including 25 per cent levies for its purchases of Russian energy.
  • Graham and Blumenthal have introduced the Sanctioning Russia Act of 2025, which would impose secondary tariffs and sanctions on “countries that continue to fund Putin’s barbaric war in Ukraine.” The legislation has proposed a 500 per cent tariff on secondary purchase and reselling of Russian oil and one that almost every single member of the Senate Foreign Relations Committee has co-sponsored.
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Sources

  1. Trump backs sanctions bill that provides for very high tariffs on India, China for...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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