Trump's Tariff Tandem Act: A Double Edged Sword in Geopolitics The US Senate's recent approval of a bill granting President Trump authority to impose 100% tariffs on countries buying Russian oil or natural gas, including India and China, has sent shockwaves across the globe.
This move marks a significant escalation in using economic coercion as a tool of foreign policy, distinct from earlier tariff policies that targeted trade deficits or protected American industry.
A New Normal in Economic Sanctions The Graham bill targets countries purchasing Russian energy and those helping Russia evade sanctions.