Mr. President, Congress is with you. We stand ready to pass legislation authorizing bone crushing new sanctions and tariffs that can be deployed at your discretion. Our goal is to empower you as you deal with this mounting threat.

You are also right to insist that Europe follows your lead on imposing tariffs against countries like China and India who buy cheap Russian oil, the proceeds of which fuel Putin’s war machine.

EU officials say tariffs require lengthy investigations and risk harming trade ties, especially as the EU finalizes a trade deal with India.

Instead, the EU prefers targeted sanctions on specific entities linked to Russia, with new measures on banks and refineries expected soon.

Source: Reuters