US House passes Graham bill: 100% tariffs on buyers of Russian energy
The US House approved bipartisan legislation imposing tariffs up to 100% on countries purchasing Russian oil and gas, a measure championed by the late Senator Lindsey Graham. The bill grants President Trump authority to implement the tariffs, signaling a potential escalation in US economic pressure on Russia's energy revenues. The Senate's position and Trump's willingness to enforce remain uncertain, but the move could reshape global energy trade flows.
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US House Passes Russia-Iran Sanctions Bill with Energy Tariff Authority
The US House of Representatives has passed a bipartisan bill granting the President authority to impose tariffs up to 100% on countries purchasing Russian oil and gas, and expanding sanctions against Russia and Iran. While the House's action is confirmed, the Senate's position and the President's willingness to enforce these measures remain uncertain, indicating a potential significant escalation in US economic pressure.