Trump reportedly gains authority to impose up to 100% tariffs over Russian oil purchases

A September 17, 2026 post says Trump gained authority to impose tariffs of up to 100% on India and other countries for buying Russian oil. It quotes US Sen. Blumenthal telling China and India: “Appeasement is not a strategy.” Market commentary in another post argues that a positive close that day would signal that markets had fully absorbed three negatives: high crude prices, the claimed US tariffs and a rate hike.