Tough road for Trump: Why sanctions Bill for tariffs on Russian oil buyers may fail
A proposed US bill aimed at sanctioning Russian oil buyers and granting President Trump broad tariff powers is facing resistance in Congress. Lawmakers are concerned about the economic impact of these tariffs on major trading partners like China and India.
Why it matters
The bill represents a significant shift in US trade policy and could strain international relations if passed.
US President Donald Trump may not find it easy to get the new bill championing fresh sanctions on Russia and countries that trade with it passed. The proposed legislation would sanction Russian officials and authorise up to 100% tariffs on the five largest importers of Russian crude oil or natural gas, as well as the five countries considered to be the biggest enablers of Moscow's efforts to bypass US sanctions and continue financing its war in Ukraine, now in its fifth year.The Russia sanctions bill pushed for more than a year by the late Senator Lindsey Graham is facing growing resistance in Congress, with Democrats and some Republicans objecting to provisions that would give President Donald Trump sweeping new tariff powers, according to a Reuters report.More power for Trump: Why are lawmakers concerned?Lawmakers from both parties, along with industry trade groups, have raised concerns over a section of the legislation…
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