Congress hands Trump a massive trade weapon in new Russia sanctions bill
The House just greenlit a Russia sanctions package that gives the White House unexpected power to slap 100% tariffs on countries buying Moscow's energy.
The House of Representatives just passed a bill that does two things at once: it hits Russia and Iran with new sanctions, and it hands Donald Trump the keys to a massive tariff cannon.
We are talking about the authority to slap tariffs of up to 100% on anyone caught buying oil or gas from the Russian 'shadow fleet' or helping them dodge existing penalties. It’s a bold move, especially since some lawmakers are already sweating the potential fallout for the American wallet.
The bill, named after the late Lindsey Graham, finally cleared the House despite months of stalling. Now it’s just waiting for the signature from Donald Trump to become the new reality of global trade.
Giving a president the power to start trade wars at the flick of a switch is one way to handle foreign policy, for sure.
Source: The Hill
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