9 August 2026 at 12:26 am
Summary
Congress is advancing a new bill, the Lindsey O. Graham Sanctioning Russia Act of 2026, which would grant President Trump broad authority to impose tariffs of up to 100% on top trading partners, including allies, if they are major importers of Russian oil and gas. Despite bipartisan support, some senators expressed concerns about giving such unchecked power to the president, especially after previous attempts to use existing laws for tariffs were blocked by courts.
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