16-July-2026
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Concerns Grow About Tariffs in US Sanctions Bill on Russia
16-Jul-2026

Potential tariffs in a U.S. bill imposing sanctions on Russia drew concern from Democratic lawmakers on Wednesday who said it could give President Donald Trump new powers to impose trade measures on India, Japan and some countries in the EU. Republican and Democratic senators on Tuesday released a bill, championed by the late Senator Lindsey Graham and supported by President Donald Trump, that allows the U.S. president to place 100% tariffs on goods coming from the top five buyers of Russian oil and natural gas. The legislation, which has been pending for about a year, is meant to cut revenues from the sale of Russia's energy for its war on Ukraine.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-15/concerns-grow-about-tariffs-in-us-sanctions-bill-on-russia