100% Tariff Bill Targets India, China Over Russian Oil
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- The bipartisan Senate bill targets five countries — India, China, Slovakia, Hungary, and Azerbaijan — with tariffs of up to 100% for purchasing Russian oil, while exempting 15 European nations whose Russian gas purchases are a fraction of their total energy needs
- Senator Richard Blumenthal (D-Conn.) described the measure as imposing "full blocking sanctions" on wide swaths of the Russian economy, including its energy industry, financial sector, defense industrial base, oligarchs, and Vladimir Putin personally, with "narrowly tailored and constricted" waiver authority
- If enacted, the legislation would mark the first time Congress explicitly authorized tariffs as a geopolitical weapon to punish countries financing another nation's war effort
- An earlier version of the bill had sought 500% tariffs on purchasers of Russian oil and gas, indicating a significant scaling back in the current 100% iteration
- Senator Lindsey Graham (R-S.C.), who brokered the bill, passed away on July 12, 2026; senators from both parties presented the legislation on July 14 as a tribute to his legacy, with Senator Katie Britt saying Graham worked "tirelessly, relentlessly" to bring the measure together
- Senator Jeanne Shaheen (D-N.H.), ranking member of the Foreign Relations Committee, urged Congress to seize a "narrow window to pass the legislation," while Senator Roger Wicker (R-Miss.) described it as Graham's greatest achievement in preserving European peace
Why it matters: This would mark the first explicit congressional authorization of tariffs as a geopolitical weapon against countries financing another nation's war effort. By targeting five major current Russian oil purchasers while exempting 15 European nations, the bill concentrates U.S. economic pressure on India and China, with tariff rates of up to 100% and waiver authority described as "narrowly tailored and constricted."
