The US, led by Senator Lindsey Graham and supported by the Trump administration, is threatening to impose massive tariffs—up to 100% or even 500%—on countries like India, China, and Brazil if they continue to import oil from Russia.
This move is part of a broader strategy to cut off financial support for Russia's war in Ukraine by targeting its key oil customers. NATO and US officials are urging European allies to join in these secondary sanctions, while also warning China against 'subsidizing' Russia's war efforts. India and China have pushed back, citing energy security needs and accusing the West of double standards.
The effectiveness and global economic impact of such tariffs remain uncertain, with critics suggesting they may be more symbolic than practical.
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