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Rubio Says Russia Sanctions Act Gives Trump Tariff Authority

Rubio Says Russia Sanctions Act Gives Trump Tariff Authority
Sanctions Act gives Prez Trump tariff authority: Rubio · m.rediff.com

President Donald Trump signed a new law about Russia and Iran sanctions.

The law lets him place tariffs of up to 100 percent on countries that buy Russian oil and gas.

India and China are among the countries mentioned.

Secretary of State Marco Rubio said tariffs are an important tool for the president.

He said the law could be used to influence the conflict involving Russia and Ukraine.

Rubio also said it might be used in connection with Iran.

The law allows national security waivers for individual cases.

India said it will keep getting energy from different sources to protect its people.

Trump said the law could help stop the killing.

Key facts

Law
Lindsey O. Graham Sanctioning Russia and Iran Act of 2026
Tariff authority
Up to 100 percent on countries buying Russian oil and gas
Potentially affected buyers
India and China are identified as major buyers of Russian oil
Presidential waivers
National security waivers allow the president to apply the measures in individual cases
US administration’s view
Marco Rubio said the authority gives Trump a tool to influence the Russia-Ukraine conflict and potentially developments involving Iran
India’s position
India said it remains committed to energy security for its 1.4 billion people through diversified sourcing
Earlier proposal
The law is named after late Senator Lindsey Graham, who had proposed 500 percent tariffs on countries buying Russian oil

Quotes

Donald Trump

US President who discussed the law in an address to the UN General Assembly.

“So, what the president has now is a tool in his toolbox that he could use not just to influence what happens in Russia-Ukraine and in that conflict, but potentially what's happening with Iran as well. How he'll use it is up to him to decide and up to him to announce,”
m.rediff.com
“The law gives the President tariff authority. It’s the first time I think in like 70 years that Congress has granted the President tariff authority. The President is a very strong believer in tariffs as a tool of national policy. So this is good.”
theprint.in m.rediff.com

Sources

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