President Trump Authorized to Impose Tariffs Up to 100% on Countries Importing Russian Oil and Gas
The U.S. Senate has passed the bipartisan Lindsey O Graham Sanctioning Russia and Iran Act of 2026 with an 86-11 vote. This legislation grants President Trump the authority to levy tariffs of up to 100% on goods from nations, including India and China, that continue to significantly import Russian oil and gas. The bill's proponents argue that such trade bolsters Moscow's economy and helps fund its military operations in Ukraine. The President would have discretionary power to impose these tariffs on imports from the five largest buyers of Russian crude oil or natural gas. Additionally, the act proposes further sanctions targeting Russian President Vladimir Putin, senior political and military officials, financial institutions, energy projects, and entities linked to Russia's war efforts. India and China remain among the largest purchasers of Russian crude, making these potential secondary tariffs a significant concern for their energy trade with Russia. However, U.S. Presidential Counselor Peter Navarro in... 
