Overview

• The bill would levy tariffs up to 500% on goods from countries that continue purchasing Russian oil, gas, uranium and petroleum products.
• It has secured at least 84 bipartisan Senate co-sponsors and is positioned to override a veto from President Trump.
• Referred to the Senate Committee on Banking, Housing, and Urban Affairs, Graham is pushing for expedited floor action.
• Analysts warn that slapping duties on major buyers like India could trigger energy price shocks and disrupt supplies.
• Legislators included a one-time 180-day presidential waiver for nations deemed vital to U.S. national security.