<p>A legal tug-of-war has unfolded regarding the president's ability to leverage various obscure, <a href="https://www.axios.com/2026/04/10/trump-tariffs-trade-court" target="_blank">untested provisions</a> for imposing tariffs. Currently, Congress seems set to grant him a substantial and explicit new tariff authority.</p><p><strong>Significance: </strong>A bipartisan bill concerning sanctions on Russia, named after the late Senator <a href="https://www.axios.com/2026/07/12/lindsey-graham-dies-john-mccain-trump" target="_blank">Lindsey Graham</a>, has garnered overwhelming support in the Senate. This legislation would empower President Trump and future presidents to impose tariffs of up to 100% on major importers of Russian energy.</p><hr><ul><li>If enacted as is, this bill would provide the president with enhanced flexibility to increase import taxes on significant economies such as India, China, and the European Union, circumventing the legal limitations and ambiguities associated with the tools he has previously employed.</li></ul><p><strong>Quick Recap: </strong>The Lindsey O. Graham Sanctioning Russia Act of 2026 <a href="https://www.axios.com/2026/07/29/senate-russia-sanctions-lindsey-graham" target="_blank">successfully passed a critical procedural vote</a> in the Senate last week with an 86-12 margin.</p><ul><li>The legislation strengthens sanctions against Russia and Iran, targeting Russia's