Current Affairs - International - Discussion

Discussion Forum : International - Latest Current Affairs (Q.No. 6)
6.
What is the maximum tariff that the US President may impose on countries purchasing Russian oil or gas under the new sanctions law?
100%
50%
75%
150%
Answer: Option
Explanation:
100% is the maximum tariff that the US President may impose on countries that purchase Russian crude oil or natural gas or assist in evading sanctions under the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. The law expands US powers to impose sanctions and tariffs related to Russia’s energy and defence sectors. Countries such as India and China could potentially come under these powers because they are major purchasers of Russian crude oil. However, the legislation does not automatically impose a 100% tariff on them, as the President has discretion over how the authority is used.
Discussion:
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