Story perspectives

Senate Approves Limited Trump Tariff Authority in Sanctions Package

8/28/2026

Summary

Trump Gets Tariff Authority

The U.S. Senate granted President Donald Trump limited tariff authority in a sanctions package.
Only nine Democrats and Sen. Rand Paul voted against the measure.
Tariffs may reach 500% on Russian imports and 100% on the five top energy-buying nations.
Sen. Raphael Warnock obtained a guarantee limiting tariffs to those five energy-trading partners.

Summary

House Democrats Investigate 1789

House Judiciary Committee Democrats launched an investigation into 1789 Capital over alleged insider political influence.
After Donald Trump Jr. joined, assets grew from $150 million in 2024 to $3.5 billion by May.
Forty percent of 1789 Capital’s assets under management came from foreign investors.
Two Defense Policy Board members, including Blake Masters, have ties to 1789 Capital.
Vulcan Elements received a $620 million Pentagon loan and a $50 million Department of Commerce grant.

History

Historical Context

In August 15 1971 President Richard Nixon, advised by Treasury Secretary John Connally and Fed Chair Arthur Burns, imposed a 10 % import surcharge and halted dollar-gold convertibility, effectively ending Bretton Woods. That use of tariffs for strategic pressure set a precedent echoed today as the Senate authorizes President Donald Trump to levy high duties on Russian imports.

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Trump Gets Tariff Authority

The U.S. Senate granted President Donald Trump limited tariff authority in a sanctions package.
Only nine Democrats and Sen. Rand Paul voted against the measure.
Tariffs may reach 500% on Russian imports and 100% on the five top energy-buying nations.
Sen. Raphael Warnock obtained a guarantee limiting tariffs to those five energy-trading partners.

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