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Trump Dredges Up the Russian Oil Fight
UNITED STATES SENATE, JUL 24 – President Trump’s less severe tariff threat led the Senate to drop a bill that had 83 supporters aiming for 500% tariffs on countries buying Russian oil, including China and India.
8 Articles
8 Articles
Colorado Springs Gazette
Denver GazetteAnalysis-Trump unlikely to enforce tariff threat on Russian oil
By Timothy Gardner
Trump Unlikely to Enforce Tariff Threat on Russian Oil - Energy News, Top Headlines, Commentaries, Features & Events
(Reuters) – U.S. President Donald Trump is unlikely to follow through on his threat to place 100% tariffs on countries that buy Russian oil because it would worsen politically-damaging inflation pressures and his similar threat against buyers of Venezuelan oil has had limited success, especially in China. Trump said this month he would put 100% ...
Trump is unlikely to follow through on his threat of 100% tariffs on countries that buy Russian oil, as it would exacerbate politically damaging inflationary pressures.
Lindsey Graham’s Plan to Punish China for Buying Russian Oil Is Dead
Key Points and Summary – A powerful, bipartisan Senate bill aimed at imposing harsh sanctions on countries buying Russian oil, like China, has been effectively killed. The effort, led by Senators Lindsey Graham and Richard Blumenthal, had overwhelming support but was halted after President Trump announced his own, less severe tariff threat. Despite having the votes to pass their “sledgehammer” bill, Senate leadership is now deferring to the Whit…
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