House passes Russia bill, grants Trump tariff power — SkimNews
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- The House passed legislation on Wednesday granting President Trump tariff authority to sanction countries that purchase Russian energy and imposing tougher sanctions on the Kremlin over its war in Ukraine.
- The bill now heads to Trump's desk for his signature, with cross-coverage flagging a 100% tariff provision aimed at India and China — two of Russia's largest energy customers.
Why it matters: The bill gives Trump new tariff authority over countries purchasing Russian energy and layers tougher sanctions on the Kremlin over its Ukraine war. India and China — Russia's biggest energy buyers per cross-coverage — face direct 100% tariff exposure if Trump signs it, tightening economic pressure on Moscow's energy revenue streams.
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