U.S. 'hellish sanctions' law would require tariffs up to 100% on countries sourcing Russian energy, with implementation discretion for the White House.
Macro & Markets ·
A proposed U.S. law would mandate tariffs reaching 100% on goods from countries that purchase Russian energy or assist Moscow in evading sanctions, with implementation required within 30 days. The measure includes an exemption for nations obtaining less than 15% of gas from Russia and demonstrating reduced reliance on such supplies. The White House would retain discretion to suspend these tariffs on national security grounds. China and India face potential exposure under the framework.