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Trump reportedly signs law allowing up to 100% tariffs on countries buying Russian oil and gas

A September 19, 2026 post says India and China could be affected by the tariff powers, but the measure does not automatically impose a 100% tariff on India.

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1 Source, 11d ago, first seen 11d ago

TLDR

A September 19, 2026 post says Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act, giving the U.S. administration authority to impose tariffs of up to 100% on countries buying Russian oil and gas. The post identifies India and China as potentially affected, while distinguishing that authority from an automatic 100% tariff on India.

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1 Source, first seen 11d ago

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127

1 Source, first seen 11d ago

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@theprabhakars🌍 GLOBAL MARKETS & GEOPOLITICAL UPDATE • US markets ended mixed, with the Dow lower and Nasdaq higher. • Brent crude remains elevated despite recent volatility. • Gold and Silver continued to attract attention amid global uncertainty. • Donald Trump has signed the Lindsey O. Graham Sanctioning Russia and Iran Act, giving the US administration authority to impose tariffs of up to 100% on countries buying Russian oil and gas. The measure does not automatically impose a 100% tariff on India. • India and China could be among the countries affected by the new US tariff powers. • Xi Jinping and Donald Trump are expected to meet next week as US China relations remain closely watched. • Red Sea and wider Middle East tensions continue to remain important for global energy markets. • FII activity: Foreign investors were net buyers of ₹599.54 crore in Indian equities on September 18. However, September FII flows remain negative at around ₹7,041 crore.
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    Donald TrumpLindsey O. Graham

    1 Source

    @theprabhakars🌍 GLOBAL MARKETS & GEOPOLITICAL UPDATE • US markets ended mixed, with the Dow lower and Nasdaq higher. • Brent crude remains elevated despite recent volatility. • Gold and Silver continued to attract attention amid global uncertainty. • Donald Trump has signed the Lindsey O. Graham Sanctioning Russia and Iran Act, giving the US administration authority to impose tariffs of up to 100% on countries buying Russian oil and gas. The measure does not automatically impose a 100% tariff on India. • India and China could be among the countries affected by the new US tariff powers. • Xi Jinping and Donald Trump are expected to meet next week as US China relations remain closely watched. • Red Sea and wider Middle East tensions continue to remain important for global energy markets. • FII activity: Foreign investors were net buyers of ₹599.54 crore in Indian equities on September 18. However, September FII flows remain negative at around ₹7,041 crore.
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