Imposing 500% tariffs on nations that trade with Russia will backfire

While tariffs make wars more likely, embargoes make wars difficult to avoid. Senator Lindsey Graham’s Sanctioning Russia Act calls for 500% tariffs on dozens of countries and essentially amounts to an embargo.

If this bill were to pass, it would cause an economic calamity on a scale never before seen in our country.

In its insistence that Moscow be a permanent enemy of the United States, the foreign policy establishment is pushing to impose more punitive measures on Russia should they refuse to negotiate a peace deal with Ukraine. The Sanctioning Russia Act seeks to inflict a series of additional sanctions and prohibitions of various financial transactions with Russia.