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Trump Signs Russia Bill That Dems Fear Could ‘Harm’ Americans
The new law allows Trump to impose tariffs of up to 100% on countries that make “new purchases of crude oil or natural gas” originating from Russia, or any country among the top five importers of Russian oil or gas over the last 12 months.
According to the Center for Research on Energy and Clean Air (CREA), the top three purchasers of Russian oil and gas in August were China, India, and Turkey.
Deborah Elms, head of trade policy at the Hinrich Foundation, says Trump’s previous ambition to introduce tariffs using any available avenue has ignited the concern among Democrats.
“The reason why people are so nervous about this is that the authority is extremely wide, and has been handed to an Administration that has already shown great latitude to follow the spirit of the law,” Elms tells TIME. “Tariffs could be set at 100%. It’s really at the discretion of the Executive Branch.”
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