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US bill prompts fears of 100% tariffs
A U.S. bill currently being debated in the Senate aims to impose tariffs of up to 100% on the imports of the five largest Russian oil and gas importers, with the goal of increasing economic pressure on Russia and targeting oil transit routes through countries like China and India. The law grants the U.S. president the authority to designate the countries involved and to impose the tariffs, with a focus on weakening attempts to bypass sanctions on Russian energy exports. While proponents of the bill believe it strengthens tools to pressure Moscow, experts have warned that its wording could expand the president's powers to include imposing tariffs on U.S. allies such as the European Union, especially amid rising trade tensions between the two sides.
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