Post
Topic
Board Politics & Society
Re: A slowpoke from the White House
by
Hispo
on 06/07/2025, 23:16:10 UTC
It looks like the US Senate will impose a 500% tariff on countries buying Russian oil, contrary to Trump's policy of essentially encouraging Putin's war in Ukraine with his inaction.

That is going to cause a significant impact in the market, if we keep in mind those who are the main clients and buyers of Russian energy are China and India. I doubt China will stop buying oil from Russia just to avoid those high tariffs, and India may try to find other sources of energy to country to feed their country with is highly overpopulated and in need of oil and gas.
Anyways, It is interesting how the United States actually passed this law when Trump is so openly in favor of Russia and does not seem eager to help Ukraine to resist the invasion to their territory.

Still, due to the high demand for oil, Russia will be able to get their energy sold, but there will be a high change they will need to apply a discount on it.