Asia Business Gazette
SEE OTHER BRANDS

Fresh news on business and economy in Asia and the Pacific

Senate Sanctions Bill Could Hand Trump “Sledgehammer”

(MENAFN) A sanctions proposal currently under consideration in the Senate would provide US President Donald Trump with a powerful “sledgehammer” to wield against Russia and its trading partners, according to hawkish Senator Lindsey Graham.

Trump has previously indicated that he might implement further sanctions if negotiations between Russia and Ukraine fail to secure a ceasefire.

He also accused Russian President Vladimir Putin of deliberately delaying the discussions.

In a Sunday interview with a news agency, Graham, who co-sponsored the bill alongside Democrat Richard Blumenthal, remarked that Trump has “left the door open regarding Russia,” even though he has adopted a tough stance on other countries. “That door is about to close,” Graham cautioned.

“Dick and I have got 85 co-sponsors in the United States Senate for congressional sanctions with a sledgehammer available to President Trump to go after Putin’s economy, and all those countries who prop up the Putin war machine,” Graham stated.

The bill would empower Trump to levy tariffs as high as 500% on countries that persist in trading with Russia. Graham specifically named China, India, and Brazil as targets.

He emphasized that Trump would maintain “maximum flexibility” in applying these measures.

MENAFN14072025000045017167ID1109795944


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share us

on your social networks:
AGPs

Get the latest news on this topic.

SIGN UP FOR FREE TODAY

No Thanks

By signing to this email alert, you
agree to our Terms of Service