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With broad bipartisan support, Congress is about to give Trump ‘unchecked authority’ to impose new tariffs of up to 100% on top trading partners
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It sanctions Russian President Vladimir Putin and senior Kremlin officials while also targeting the country’s energy sector to cripple the economy amid its war on Ukraine.
The bill would let Trump impose fresh tariffs as high as 100% on the top five importers of Russian oil and gas.
Rand Paul, R-Ky., and Ron Wyden, D-Ore., tried to remove the bill’s tariff authority, but failed.
The Russia sanctions bill merely marks the latest instance of the legislative branch ceding trade authority to the executive branch.
The post With broad bipartisan support, Congress is about to give Trump ‘unchecked authority’ to impose new tariffs of up to 100% on top trading partners appeared first on Fortune.