Analysis-Russia sanctions bill gives Trump sweeping new tariff powers

The Russia sanctions bill, signed by US President Donald Trump on Friday, grants him extensive authority to impose tariffs on Russian goods and goods from countries aiding Russia that last beyond his term. While limited immediate impact is expected due to Trump's caution ahead of the midterm elections, critics warn the broad language of the legislation could affect other nations if Trump targets them in the future.

The bill imposes tariffs up to 100% on imports from Russia's top five crude oil and gas buyers and countries aiding Russia's oil and gas purchases within 30 days of enactment. China and India, major Russian oil and gas buyers, are potential targets, but the law's lack of specific naming and calculation methods could lead to misinterpretation.

Critics argue Trump's discretionary power could lead to abuse, with his past use of tariffs against various countries facing legal challenges. Some lawmakers and experts believe the legislation could create instability in the global economy and raise concerns about the impact on Ukraine and other countries reliant on Russian energy supplies.