Congress is poised to grant former President Donald Trump broad authority to impose new tariffs of up to 100% on major trading partners through the Lindsey O. Graham Sanctioning Russia Act of 2026. The Senate overwhelmingly passed the bill, which aims to penalize Russia for its war in Ukraine, and the House is expected to follow suit. While the legislation includes provisions to sanction Russian officials and its energy sector, a significant portion of its power lies in its ability to allow Trump to levy steep tariffs on countries importing Russian oil and gas, potentially including allies and major economies like China and India, with limited oversight. AI
RANK_REASON Legislation granting significant new executive powers related to trade policy. [lever_c_demoted from significant: ic=1 ai=0.1]
- Cato Institute
- China
- Clark Packard
- Donald Trump
- European Union
- India
- Jamieson Greer
- Japan
- Lindsey O. Graham Sanctioning Russia Act of 2026
- Rand Paul
- Raphael Warnock
- Ron Wyden
- South Korea
- Vladimir Putin
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