America has introduced a new bill to educate Russian oil customers. The bill was passed by the upper house of Congress, the Senate, last month. This time, the administration of Donald Trump has started the effort to pass the bill in the lower house of the House of Representatives. Final voting will be held on Thursday. Needless to say, if the bill becomes a law, the US President will be able to impose 100 percent tariffs on 5 countries including India and China.
The bill was proposed last year by the anti-India late US Senator Lindsey Graham. In a stern tone, he said, 500 percent tariff will be imposed on those who are buying oil from Russia, ignoring the US ban. However, the bill was not implemented in the end. However, after Graham's death, the White House acted on this bill. The bill was amended to reduce the duty to 100 percent. America's goal is to prevent aggression against Ukraine by increasing financial pressure on Russia.
The bill has not yet passed the lower house of the US Congress. But on Wednesday, the House of Representatives held an important procedural vote on the bill. There were 214 votes in favor of the bill and 211 against. As a result, the bill went a step further in the area of side effects. It is known that the final vote on the bill will be held on Thursday. If the bill passes the House of Representatives, it needs the signature of the US President to become law. Earlier, the bill was passed by a vote of 86-11 in the Senate.
What exactly is said in the bill? Countries that buy oil or any other fuel from Russia are actually indirectly supporting Russia's attack on Ukraine. America can impose tariffs of up to 100 percent on these countries. As a result, not only India or China, but also countries like Japan, Azerbaijan, Slovakia, Hungary may have problems.