US to Impose Tariffs on Countries Buying Russian Oil, Warns Senator Lindsey Graham - PRESS AI WORLD
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US to Impose Tariffs on Countries Buying Russian Oil, Warns Senator Lindsey Graham

share-iconPublished: Tuesday, July 22 share-iconUpdated: Tuesday, July 22 comment-icon4 months ago
US to Impose Tariffs on Countries Buying Russian Oil, Warns Senator Lindsey Graham

Credited from: INDIATIMES

  • US Senator Lindsey Graham threatens tariffs on China, India, and Brazil for buying Russian oil.
  • Countries buy around 80% of Russia’s oil, supporting its war efforts.
  • Trump proposes 100% tariffs if nations do not cease their oil purchases.

US Senator Lindsey Graham announced that countries including China, India, and Brazil could face severe economic consequences for their continued purchases of Russian oil. He stated, "If you keep buying cheap Russian oil ... we will tariff the hell out of you," emphasizing the need to curb support for Russian President Vladimir Putin amid the ongoing war in Ukraine, according to trtglobal and aa.

Graham's remarks coincide with President Donald Trump's call for imposing 100 percent tariffs on nations buying Russian oil if they do not halt their purchases within a specified timeframe. He mentioned that "the clock is ticking," indicating urgency in the sanctions, as these nations are seen as indirectly financing the war through their purchases, according to aa, indiatimes, and trtglobal.

In a recent conversation, NATO Secretary-General Mark Rutte cautioned Brazil, China, and India that they could face secondary US sanctions should they continue to trade with Russia. Rutte urged these countries to leverage their influence on Putin for peace negotiations, warning that failure to act could lead to devastating repercussions for their economies as mentioned by aa and trtglobal.

The broader Republican strategy involves implementing tariffs as high as 500 percent on countries that persist in purchasing Russian energy exports, with specific emphasis on making influential countries reconsider their stance. Senator Graham indicated that keeping the pressure on these nations is vital to incentivizing Putin to engage seriously in peace talks, according to indiatimes and trtglobal.

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