Economy, business and finance
Russia sanctions bill threatening 100% tariffs on India, China clears US House, awaits Trump’s approval
US House passes a Russia sanctions bill 261-159, targeting officials and key economic pillars. Experts warn it could give Trump broader tariff powers.
The US House of Representatives passed a sanctions bill on Russia by a 262-159 margin, which grants the Trump administration the authority to place tariffs of up to 100% on the five top purchasers of Russian oil and gas, which includes India. The bill - officially known as the Lindsey O Graham Sanctioning Russia and Iran Act of 2026 - will also likely target China, Slovakia, Hungary and Azerbaijan. The bill has already passed by an overwhelming margin in the Senate, which means it will now head to President Donald Trump’s desk to be signed into law.
The passage of the bill came after members of the majority Republican party unexpectedly brought the crucial and controversial bill to a vote this week. Only a week ago, the bill’s fate was thought to be uncertain amid divisions between both the Republican and opposition Democratic party about handing President Trump greater authority to levy tariffs ahead of November’s crucial midterm elections. The bill moved rapidly towards passage this week after the House Rules Committee removed a key procedural hurdle on Monday allowing the legislation to be brought for a vote. On Tuesday, the House narrowly voted by a 214-211 margin to set up a final Wednesday vote on the sanctions bill after two Democratic lawmakers unexpectedly crossed the aisle to vote alongside the majority Republican party.
To be sure, the Russia sanctions bill does not compel President Trump to place tariffs on countries purchasing oil and gas from Russia. It also includes substantial exemptions for America’s European allies, on the grounds that several of those nations have made efforts to reduce energy purchases from Russia.
“Today is a big day. Congress has just sent an unmistakable message to Putin,” said US Senator Jeanne Shaheen, who played a major role in backing the Russia sanctions bill.