US House Clears Path for Legislation Allowing Trump to Impose 100% Tariffs on Buyers of Russian Oil
The measure would give the president new leverage over major purchasers of Russian crude, including India and China, according to CNBC.
The U.S. House of Representatives has taken a procedural step that paves the way for legislation granting President Donald Trump the authority to impose tariffs of up to 100% on countries that purchase Russian oil, CNBC reported.
According to the report, the measure would provide the administration with new leverage against major buyers of Russian crude, specifically naming India and China as key targets of the potential tariffs.
CNBC noted that the legislation raises the question of whether Trump would actually use the tariff authority if it becomes law, though the report did not specify a timeline for further congressional action or a presidential decision.
The report did not provide additional details on the bill's full legislative status, the specific mechanisms of enforcement, or reactions from officials in India, China, or Russia.
Sources
- Trump gains a tariff weapon against China and India. Will he use it? — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Trump Cuts Short Camp David Stay Amid Rising Middle East Tensions
President is returning to the White House as the State Department urges Americans to reconsider travel to the Middle East, according to Anadolu Agency.
Trump Claims Russia and Ukraine Agreed to Halt Energy Attacks
Trump said both nations have agreed to stop striking energy infrastructure, though Russia and Ukraine offered no immediate confirmation.
Iran Security Official Says Country Ready to Respond If US Resumes Military Action
Mohsen Rezaei, secretary of Iran's Supreme National Security Council, said Tehran is prepared to defend itself and respond forcefully to any renewed US military aggression, according to IRNA.
Trump Says US Will Create an ‘AI Force’ Modeled on Space Force
The US president did not specify whether the initiative would involve establishing a new branch of the armed forces, according to TASS.
Albanese launches Australia's bid for UN Security Council seat, names former Murdoch aide as New York consul general
Prime Minister Anthony Albanese announced Australia's formal candidacy for a two-year term on the UN Security Council in 2029–2030, concurrent with appointing Siobhan McKenna, a former News Corp broadcasting executive, as consul general to New York.
In Germany, Friedrich Merz's CDU suffers historic defeat in Eastern state
For the first time since 1949, the Christian Democratic Union has fallen below the 5% threshold in a regional election, the minimum required to gain seats in the local parliament.
Comments
Loading comments…