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Tariffs That Hurt Americans | Wilmington News
A new Republican-backed bill, the Senator Lindsey Graham Sanctioning Russia Act of 2026, proposes punishing Russia with a 500% tariff on U.S. trade and up to 100% tariffs on goods from allies like China and India — effectively hitting nearly 40% of the global population. But the real cost? American consumers. Tariffs will be passed on to shoppers at Walmart and Target, driving up prices on everyday goods — and potentially triggering a major economic disruption worse than Smoot-Hawley. While the bill adds more sanctions on Russian officials and bans U.S. business in Russia, it’s unclear if…
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