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U.S. sanctions bill may shift

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The bill on new US sanctions against Russia, which has been introduced for a long time but has not yet been adopted, will most likely be significantly changed before it is adopted.

Axar.az reports that Politico wrote about this.

The publication notes that the introduction of a 500 percent tariff on goods imported from countries that buy energy resources from Russia would mean, first of all, a breakdown in relations with the world's largest economies - China, India, and a number of European countries.

It is reported that Senator Lindsey Graham seems to have recognized this reality and, earlier this week, proposed an exception for countries that have helped Ukraine. This exception could save the European Union, in particular, from the 500 percent tariff, since the European Union still needs energy, including 20% ​​of its gas from Russia.

The publication writes that the bill still looks suspicious. First, the United States itself still buys uranium from Russia, and this clause was also included in Graham's bill. Second, imposing high tariffs on imports from China and India could hurt the US domestic market, which is heavily dependent on imports from these countries.

“Imposing a 500 percent tariff on imports of goods made in China could lead to sharp price increases, disruption of supply chains, and a spike in US unemployment to recession levels,” the publication noted.

Date
2025.06.08 / 10:52
Author
Axar.az
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