After a careful review of HR5334, the Lindsey Graham Russian Sanctions Bill [pdf HERE], I can certainly see why President Trump would happily sign it.

The bill has several elements that are immensely useful for President Trump, beginning with the fact that the baseline of the bill sits upon the cornerstone of current U.S. sanctions against Russia.   This is a critical aspect to understand, because if you take away the originating Russian sanctions, HR5334 disappears.

Secondly, the bill grants President Trump the ability to place 100% tariffs on the top five trading partners of Russia, but the bill also grants wide latitude as to how those top five are determined.  Top five oil, top five gas, top five financial, top five sector specific (energy, grain, oil, minerals etc.) the actual parameters or definitions of the “top five” are undetermined except by monetary value.

Some have just realized what this bill empowers. Others have yet to catch on.  Additionally, The bill gives President Trump the ability to impose tariffs of up to 100% within 30 days on all goods imported into the US from the five largest importers of Russian crude oil or gas as well as any country that knowingly made new purchases of oil or gas 30 days after the law was enacted or was among the top five countries helping Russia evade sanctions.

But there’s the key, again the authority is based on the pre-existing “sanctions.” So, who determines sanction relief? [interim, temporary, or strategic, in coordination with the policy objectives of the President] That would be U.S. Secretary of Treasury Scott Bessent.

Remember the previous 30-day interim sanction relief that Bessent and Trump provided for Russian oil/gas “on the water’?  In that scenario, the legislatively authorized tariff authority becomes entirely subject to the application determination of President Trump.  Ex. give a 30-day waiver and suddenly oil/gas are no longer the largest monetary trade issues. Instead, it could be as simple as who buys the most Russian caviar; maybe it’s Italy or Spain, or even Canada. lol 😂

Reuters – […] critics say the legislation, which imposes tariffs on Russia’s biggest trading partners, has broad language that could herald trouble for other countries as well if they find themselves in Trump’s crosshairs in the future.

The bill requires Trump to impose tariffs of up to 100% within 30 days on all goods imported into the US from the five largest importers of Russian crude oil or gas as well as any country that knowingly made new purchases of oil or gas 30 days after the law was enacted or was among the top five countries helping Russia evade sanctions.

China and India are among the biggest buyers of Russian oil, but critics say the law gives US officials enough leeway to name a range of targets since it does not name any country or spell out how the top-five lists would be calculated.

“Given the discretionary authority that the president has, it is likely to be abused,” said Laura Brank, a lawyer at Bryan Cave Leighton Paisner who focuses on cross-border transactions.

[…] Challenging the latest tariffs in court could be difficult since the law specifically calls for the duties, while previous challenges to tariffs have successfully argued that the Trump administration misapplied laws from decades earlier. (more)

Congress was very upset at the horrible Trump for his tariff approach.

Congress has just given Trump a golden tariff pen.

Cheers!