US Reluctant To Drop Its "Economic Bunker Buster" On China, India, & Russia

Senator Lindsey Graham's bill proposes 500% tariffs on countries that import Russian resources, but the Trump Administration is quietly pressuring the Senate to water down the legislation. The bill is seen as an "economic bunker buster" against China, India, and Russia, but the US is reluctant to impose such tariffs. The Trump Administration is concerned that the tariffs would harm the US economy and derail the Ukrainian peace process. China and India have been importing large amounts of Russian oil, serving as a valve for Russia from Western sanctions. The US is unlikely to impose 500% tariffs on China and India as it would jeopardize trade deals and harm the US economy. Trump is pleased with recent trade agreements with China and India and doesn't want to rock the boat. The US may impose higher tariffs on India in the future, but it's unlikely to be related to energy imports. Trump recently stated that China can continue to purchase oil from Iran, making it unlikely that he would impose tariffs on India or others for purchasing Russian resources. The Trump Administration is likely to find a loophole to avoid complying with Graham's bill, making it unlikely to become law. As a result, China, India, and Russia have little to worry about from Graham's "economic bunker buster".