Trump backs 500% tariff bill targeting India over Russian oil
Lindsey Graham said the bill would give the White House “tremendous leverage” to push countries to stop buying cheap Russian oil.
PTI
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Lindsey Graham discussed his tariff bill while accompanying President Donald Trump on Air Force One (ANI)
Washington, 8 Jan
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.
“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 that 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.
“President
Trump and his team have made a powerful move, implementing a new approach to
end this bloodbath between Russia and Ukraine...However, the ultimate hammer to
bring about the end of this war will be tariffs against countries, like China,
India and Brazil, that prop up Putin’s war machine by purchasing cheap Russian
oil and gas,” a joint statement by Graham and Blumenthal had said last year.
Earlier
this week, Graham had said that Indian Ambassador to the US Vinay Kwatra
informed him about New Delhi reducing its purchases of Russian oil and asked
him to convey to President Donald Trump to “relieve the tariff” imposed on
India.
Graham,
accompanying Trump on Air Force One on Sunday, was talking about his tariff
bill.
Graham
said that to end the Russia-Ukraine conflict, pressure must be put on Russian
President Vladimir Putin’s customers. Trump said that the sanctions are hurting
Russia very badly and then mentioned India.
Graham
then said that the US put a 25 per cent tariff on India for buying Russian oil.
“I was
at the Indian Ambassador's house about a month ago, and all he wanted to talk
about is how they are buying less Russian oil," Graham said. He added that
the Indian envoy conveyed to him 'Would you tell the President to relieve the
tariff?'"
“This
stuff works...but if you are buying cheap Russian oil, keeping Putin's war
machine going, we are trying to give the President the ability to make that a
hard choice by tariffs. I really do believe that what he (Trump) did with India
is the chief reason India is now buying substantially less Russian oil,” Graham
said.
India’s
Ambassador to the US Vinay Kwatra had last month hosted US Senators, including
Graham, Blumenthal, Sheldon Whitehouse, Peter Welch, Dan Sullivan and Markwayne
Mullin at India House, the official residence of the Ambassador of India in
Washington, DC. “Had fruitful conversations on the India-US partnership from
energy and defence cooperation to trade and important global developments.
Grateful for their support for a stronger India–US relationship,” Kwatra had
said in a post on X.
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