Story perspectives

Trump Signs Sanctions Bill With Up to 500% Tariffs

By Drooid · Sep 19, 2026, 2:13 AM UTC · How we work

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Tariff overreach warning

U.S. President Donald Trump signed a sanctions package targeting Russia and Iran into law on September 18, 2026.
Lawmakers and Democrats warned the bill gives the president sweeping tariff power that could disrupt energy markets and hurt consumers.
It authorizes 100 percent tariffs on buyers of Russian oil and gas, China and India.
Duties up to 500 percent may be imposed on goods imported from Russia, with limited exceptions.

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Extended Iran sanctions

U.S. President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act into law on September 18, 2026.
The revised bill narrowed sanctions and gave Trump authority to waive them for national-security reasons.
It extends the Iran Sanctions Act of 1996 through 2031 to curb Tehran’s weapons funding.
The House approved the measure 262–159 after the Senate passed it 86–11 comfortably.

History

Historical Context

In October 1973 OAPEC, led by Saudi King Faisal, imposed an oil embargo on the United States and other Israel-supporting nations, pushing world crude from about $3 to $12 per barrel—a rise of roughly 300 percent. The shock demonstrated energy’s coercive power, a lesson echoed by the Lindsey O. Graham Sanctioning Russia and Iran Act signed by President Donald Trump in September 2026.

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Tariff overreach warning

U.S. President Donald Trump signed a sanctions package targeting Russia and Iran into law on September 18, 2026.
Lawmakers and Democrats warned the bill gives the president sweeping tariff power that could disrupt energy markets and hurt consumers.
It authorizes 100 percent tariffs on buyers of Russian oil and gas, China and India.
Duties up to 500 percent may be imposed on goods imported from Russia, with limited exceptions.

1 / 3