Trump Bill Threatens 500% Tariffs on BRICS Oil Buyers Now-US

Trump signs bill enabling at least 500% tariffs on countries importing Russian oil, targeting China, India and other BRICS to cut funding for Russia's war in Ukraine.

  • Donald Trump signed a bill allowing heavy tariffs on countries that import Russian petroleum products.
  • The measure, titled Sanctioning Russia Act of 2025, calls for duties of at least 500% on offending countries.
  • BRICS members such as China and India are identified as likely to face the steepest tariffs due to large Russian oil purchases.
  • The bill would let the U.S. sharply raise duties on goods and services from countries that “knowingly engage in the exchange” of Russian-origin energy and uranium.
  • Senator Lindsey Graham framed the measure as a tool to punish buyers of cheap Russian oil that he says finances Russia’s war in Ukraine.

Donald Trump signed a new bill on Wednesday that allows large duties on nations that purchase Russian petroleum products, the legislation says. According to a report, the move would hit the biggest importers of Russian oil hardest and targets countries that continue such trade.

- Advertisement -

The measure, named Sanctioning Russia Act of 2025, threatens tariffs of at least 500% on countries that “knowingly engage in the exchange.” The new bill is now headed for bipartisan approval in the Senate.

China, India and other BRICS nations are singled out as the most likely targets because they import the largest volumes of Russian oil. Senator Lindsey Graham wrote on X that, “This bill will allow President Trump to punish those countries who buy cheap Russian oil, fueling Putin’s war machine. This bill would give President Trump tremendous leverage against countries like China, India, and Brazil to incentivize them to stop buying the cheap Russian oil that provides the financing for Putin’s bloodbath against Ukraine.”

The bill directs that the president “must increase the rate of duty on all goods and services imported into the United States from countries that knowingly engage in the exchange of Russian-origin uranium and petroleum products to at least 500% relative to the value of such goods and services.” Supporters say the tariffs aim to cut revenue streams that sustain Russia’s military action in Ukraine.

Advocates warn the measure could deeply disrupt trade links between the U.S. and affected nations and strain global import-export flows. Opponents say the scale of the tariffs could have wide economic and diplomatic consequences for trading partners.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Crypto VC Inflows Hit $1.4B Through Early 2026

Institutional and venture capital commitments to crypto companies reached $1.4 billion at the start...

Brazil Sells $61B in US Treasuries, Buys Gold in 2026

Brazil sold $61 billion in U.S. Treasury securities in 2026, using the proceeds to...

U.S. Sanctions Crypto Exchanges Aiding Iran’s Regime

The U.S. Treasury Department has, for the first time, sanctioned entire cryptocurrency exchanges under...

US sanctions crypto exchanges tied to Iran in first move

The U.S. Treasury sanctioned two UK-registered crypto exchanges for the first time under its...

ShinyHunters Expand Saas Attacks with Vishing Campaign

Google's Mandiant reported a surge in advanced voice phishing attacks by the ShinyHunters group,...
- Advertisement -

Must Read

Top Best Metaverse Worlds To Buy Land

The metaverse has grown in our everyday conversation since Facebook announced its rebranding in October 2021 to META. The metaverse is a virtual world,...
🔥 #AD Get 20% OFF any new 12 month hosting plan from Hostinger. Click here!