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Donald Trump Signs Russia Sanctions Bill, India And China Face 100% Tariff Threat

Donald Trump has signed a law expanding sanctions on Russia, extending Iran sanctions and giving his administration authority to impose tariffs of up to 100% on goods from major buyers of Russian oil and gas

US President Donald Trump
Summary
  • Trump signed the law on September 18, after the Senate passed it 86-11 and the House agreed to the Senate amendments 262-159.

  • The 100% tariff is a maximum rate, not an automatic tariff being imposed on India or China. The administration has discretion over implementation.

  • The law has two major tracks: expanded measures targeting Russia and a five-year extension of the Iran Sanctions Act.

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Summary

US President Donald Trump signed the Sanctioning Russia and Iran Act, which seeks to impose steep levies on Moscow and its top energy buyers such as China and India.