Russia Sanctions Bill Grants Trump Tariff Powers
Congress passed a Russia sanctions bill giving President Trump new powers to impose tariffs on Russian energy buyers. Critics warn the broad language creates economic uncertainty.
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The United States Congress passed a sweeping new sanctions bill on Wednesday granting the White House executive authority to impose tariffs of up to 100% on goods from nations trading with Russia. The legislation hands sweeping tariff powers to the executive branch for the first time in nearly forty years. Investors face heightened economic volatility as the executive branch gains expanded tools to penalize foreign buyers of Natural Gas and crude oil.
