Politics
Trump may get a big, new tariff authority
Axios·August 6, 2026·1 min read
The Lindsey O. Graham Sanctioning Russia Act of 2026 passed a key Senate procedural hurdle by an 86-12 vote. The bill would strengthen sanctions on Russia and Iran, target Russia's shadow fleet of oil tankers, impose a 500% tariff on U.S. imports from Russia, and allow the U.S. trade representative to adjust tariffs on the five largest importers of Russian energy.
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