Sweeping Russia energy sanctions head toward US Senate passage
XLE•House fight looms over tariff provisions
Broad support for tougher sanctions on Russia may not be enough to secure House passage, with some lawmakers wary that new tariff powers for Trump could raise costs for U.S. importers and consumers while exposing Republicans to political blowback.
Trump's fellow Republicans control slim majorities in both the House and Senate.
If it becomes law, the bill would allow Trump to impose tariffs of up to 100% on countries that are major consumers of Russian energy, including India, Japan and some countries in the European Union, and leave it to his discretion to lift them.
But the legislation's backers insist the tariffs are narrow enough that they would do their intended job of reducing Russian energy revenue that funds its war on Ukraine without negative consequences.




