A bipartisan group of U.S. Senators has introduced a bill targeting five countries—India, China, Slovakia, Hungary, and Azerbaijan—with 100% tariffs for purchasing Russian oil. This represents a novel use of tariffs as a geopolitical weapon to punish nations financing Russia's war effort, with European allies exempted. The bill is seen as a tribute to the late Senator Lindsey Graham.
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- ›Tariff Rate Proposed: 100%
- ›Countries Targeted: India, China, Slovakia, Hungary, Azerbaijan
- ›Target this Data: 100% tariff rate on five countries for buying Russian oil
- ›Target this Nodal Body: U.S. Congress (Senators) proposing the bill
- ›Target this Legal Point: Novel use of tariffs as a geopolitical weapon
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