Video broadcasted by Firstpost →
DailyDigest360's take on the News →
US Senator's Threat to "Crush" India's Economy: Analysis of Potential Impact and Underlying Reasons.
  • 473 views
  • 2 min read

Amidst ongoing trade discussions, a US Senator has issued a strong warning to India, China, and Brazil regarding their continued importation of discounted Russian oil. Senator Lindsey Graham, along with Senator Richard Blumenthal, has cautioned these nations of potential economic repercussions, including tariffs reaching up to 500%.

Speaking on Fox News, Graham stated, "If you [INDIA, CHINA, and BRAZIL] keep buying cheap Russian oil… we're going to tariff the hell out of you". He further added, "And we're going to crush your economy, because what you are doing is blood money," accusing these countries of funding Vladimir Putin's war efforts.

This announcement coincides with escalating political pressure in Washington. A bipartisan Senate bill, led by Graham and Blumenthal, proposes imposing tariffs of up to 500% on imports, including oil, gas, and uranium, from countries that continue to trade with Russia. This bill, known as the Sanctioning Russia Act of 2025 (S. 1241), has garnered support from over 80 co-sponsors.

Adding to the pressure, President Donald Trump has also warned of 100% tariffs if Russia does not agree to a peace agreement within 50 days. NATO Secretary-General Mark Rutte has echoed these sentiments, suggesting that secondary sanctions could significantly impact countries like China, India, and Brazil. The EU has also adopted its own oil price cap with the goal of diminishing Russia's oil revenues.

India, China, and Brazil currently account for approximately 80% of discounted Russian crude purchases. A 100% tariff could severely disrupt their trade balance and energy supply chains. While markets have largely interpreted Trump's threats as a strategic maneuver, concerns remain about potential increases in global energy prices.

According to the US, India, China, Brazil, and other nations are seen as supporting Russia's war in Ukraine by purchasing inexpensive Russian oil and gas. The US asserts that the revenue generated from these sales is contributing to the conflict in Ukraine. In an effort to end the war, the Trump administration is threatening to impose tariffs of 500% on any country that assists Russia. The senators stated that the 500% tariff and 100% secondary tariff on Russia are intended to end the war and bring Putin to the negotiating table.

In response to the US threat, India's External Affairs Minister S Jaishankar stated earlier this month that the Indian embassy and ambassador have been in contact with Senator Graham regarding the bill on Russia and that India will address the situation if it arises.


Writer - Rohan Reddy
Rohan Reddy is an emerging journalist with a strong commitment to nuanced reporting, propelled by his passion for sports. He possesses a foundational understanding of journalistic principles and is keen to develop his skills in a dynamic media environment. Rohan is eager to explore compelling human interest stories and complex societal issues, aiming to contribute impactful and well-researched content to the field of journalism, always finding inspiration in the competitive spirit of sports.
Advertisement

Latest Post


World  |  Jul 23, 2025
The families of the victims of the Air India Flight 171 crash are facing further anguish after it emerged that the wrong bodies were sent to them. The Boeing 787-8 Dreamliner, en route to London Gatwick, crashed shortly after taking off from Ahmedaba...

Sports  |  Jul 23, 2025
Curt Cignetti is heading into his second season as the head coach of the Indiana Hoosiers, following a historic 2024 season that saw the team achieve an 11-2 record and a College Football Playoff appearance. Cignetti was named the Home Depot National...

Technology  |  Jul 23, 2025
The crypto market is buzzing with speculation of an impending "altseason" as trading volumes on Binance Futures have skyrocketed. On July 22, 2025, the daily trading volume for altcoins on Binance Futures soared to $100. 7 billion, marking the highest...

World  |  Jul 23, 2025
Maharashtra Agriculture Minister Manikrao Kokate has ignited yet another controversy, this time referring to the state government as a "beggar". This remark follows closely on the heels of an uproar caused by a video purportedly showing him playing r...

Advertisement
Technology  |  Jul 22, 2025
Bitcoin is currently engaged in a liquidity battle, but analysts remain optimistic, maintaining a price target of $140,000. Bitcoin's price has been consolidating, trading below $120,000, a key resistance zone. However, technical analysis suggests th...

World  |  Jul 22, 2025
Vice Admiral Krishna Swaminathan is slated to take over as the next chief of the Western Naval Command (WNC) on July 31. The WNC, headquartered in Mumbai, is a premier command of the Indian Navy. Vice Admiral Swaminathan, a highly decorated officer,...

Sports  |  Jul 22, 2025
Indiana Hoosiers head coach Curt Cignetti has stirred the pot at Big Ten Media Days, taking a not-so-subtle jab at the scheduling practices of the Southeastern Conference (SEC). The remark comes amid scrutiny of Indiana's non-conference scheduling, p...

World  |  Jul 22, 2025
The Directorate of Revenue Intelligence (DRI) has recently cracked down on a sophisticated customs fraud involving the import of luxury furniture, revealing an elaborate scheme designed to evade customs duties. This operation spanned multiple jurisdi...

Advertisement
About   •   Terms   •   Privacy
© 2025 DailyDigest360