'They are main culprits': US Senator on bill that imposes up to 100% tariffs on India, China
US Senator Richard Blumenthal is advocating for legislation that would allow the President to impose up to 100% tariffs on countries that are major purchasers of Russian oil and gas. He specifically identified India and China as the primary targets of this measure, accusing them of financing Russia's war in Ukraine.
Why it matters
This legislation could significantly impact international trade relations and global energy markets by targeting major economies like India and China.
US Senator Richard Blumenthal defended proposed legislation that would allow President Donald Trump to impose tariffs of up to 100 per cent on major buyers of Russian oil and gas, saying the measure is designed to target countries such as India and China rather than US allies.Speaking after the Senate advanced the bipartisan bill, Blumenthal accused India and China of helping finance Russia's war in Ukraine through their energy purchases.He also claimed that tariffs imposed by the Trump administration had already led India to significantly reduce its imports of Russian crude.'Let's be blunt': India, China are 'main culprits'Blumenthal said the legislation does not mandate tariffs but authorises the president to impose duties of up to 100 per cent on the five largest purchasers of Russian oil and gas."The bill doesn't require tariffs.
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