Updated
Updated · The New York Times · Jul 24
Trump Tariff Fight Stalls 100% Russia Sanctions Bill
Updated
Updated · The New York Times · Jul 24

Trump Tariff Fight Stalls 100% Russia Sanctions Bill

3 articles · Updated · The New York Times · Jul 24

Summary

  • Democratic resistance to giving President Trump discretion to impose tariffs of up to 100% on buyers of Russian energy has become the main obstacle to a bipartisan Russia sanctions bill.
  • The proposal would let — but not require — Trump to levy and later lift those tariffs, a flexibility Republicans say is needed to pressure Moscow and avoid a likely presidential veto.
  • Richard Neal and Ron Wyden said they could not back legislation that gives Trump a “blank check” on tariffs, arguing he is already bypassing Congress on trade powers.
  • Those concerns sharpened after the administration imposed new 10% to 12.5% tariffs on goods from dozens of trading partners just after midnight Friday, complicating hopes of moving quickly on a bill championed by the late Senator Lindsey Graham.

Insights

How will a proposed 100% tariff on Russian energy buyers reshape global oil markets and international trade alliances?
Will using secondary tariffs to choke Russia's war economy isolate the US from key global trading partners?
Could the push to penalize Russia's shadow fleet inadvertently trigger a global energy crisis by targeting major foreign buyers?