{"id":1297140,"date":"2025-07-02T09:43:10","date_gmt":"2025-07-02T04:13:10","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1297140"},"modified":"2025-07-02T09:46:14","modified_gmt":"2025-07-02T04:16:14","slug":"us-govt-wants-500-tariff-on-india-china-for-buying-russian-oil","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/us-govt-wants-500-tariff-on-india-china-for-buying-russian-oil\/","title":{"rendered":"US Govt Wants 500% Tariff On India, China For Buying Russian Oil"},"content":{"rendered":"\n

In a bold escalation of trade policy, former US President Donald Trump has endorsed a Senate bill that proposes imposing 500 percent tariffs on goods from nations continuing strong economic ties with Russia. The move, if passed, could have sweeping consequences for global trade\u2014particularly for India and China, who together account for nearly 70 percent of Russia\u2019s oil exports.<\/p>\n\n\n\n

\"US<\/figure>\n\n\n\n

Lindsey Graham Confirms Trump\u2019s Support<\/strong>
Republican Senator Lindsey Graham confirmed Trump\u2019s backing during an ABC News interview<\/a>. Graham, who is co-sponsoring the bill with Democratic Senator Richard Blumenthal, said the legislation is aimed at economically isolating Russia and compelling it to negotiate over the ongoing war in Ukraine.<\/p>\n\n\n\n

\u201cThis bill would punish countries that are funding Putin\u2019s war machine by continuing business with Russia,\u201d Graham noted.<\/p>\n\n\n\n

What the Bill Proposes<\/strong>
If passed, the bill would enforce a 500 percent tariff on products from countries that do not support Ukraine while continuing to buy goods or energy from Russia. This means nations like India and China could face punitive tariffs on their exports to the US, including pharmaceuticals, textiles, automotive parts, and tech services.<\/p>\n\n\n\n

Graham added that the bill already has 84 Senate co-sponsors, reflecting rare bipartisan agreement on the need to tighten sanctions against Russia.<\/p>\n\n\n\n

Impact on India and China<\/strong>
India has repeatedly defended its energy trade with Russia, citing national interest and energy security. However, the proposed US legislation could place India\u2019s critical exports to the US at risk. For China, already engaged in a deepening trade war with the US, the bill could add fuel to an already volatile situation.<\/p>\n\n\n\n

Internal Debate and Recent Changes<\/strong>
While the bill was originally delayed due to pushback from the Trump administration, it appears a compromise has now been reached. Graham indicated that some flexibility has been introduced\u2014particularly for nations that are aiding Ukraine or demonstrate support in other forms. The bill has transitioned from a hard \u201cshall\u201d mandate to a more flexible enforcement framework.<\/p>\n\n\n\n

Looking Ahead<\/strong>
As the 2025 US election season heats up, Trump\u2019s support signals a tougher, more unilateral stance on global trade and foreign policy. The bill\u2019s fate now rests on upcoming Senate deliberations and international diplomatic responses.<\/p>\n\n\n\n

\n","protected":false},"excerpt":{"rendered":"

In a bold escalation of trade policy, former US President Donald Trump has endorsed a Senate bill that proposes imposing 500 percent tariffs on goods from nations continuing strong economic ties with Russia. The move, if passed, could have sweeping consequences for global trade\u2014particularly for India and China, who together account for nearly 70 percent […]<\/p>\n","protected":false},"author":30,"featured_media":1297147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[8183,6438],"class_list":["post-1297140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-sanctions","tag-trump"],"acf":[],"yoast_head":"\nUS Govt Wants 500% Tariff On India, China For Buying Russian Oil - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/us-govt-wants-500-tariff-on-india-china-for-buying-russian-oil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Govt Wants 500% Tariff On India, China For Buying Russian Oil - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"In a bold escalation of trade policy, former US President Donald Trump has endorsed a Senate bill that proposes imposing 500 percent tariffs on goods from nations continuing strong economic ties with Russia. 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