Trump order implements Graham Act, raising Russia tariffs 500% but waiving all Graham Act duties

President Trump issued an executive order implementing the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, increasing the rate of duty on goods from the Russian Federation by 500 percent ad valorem and by 100 percent ad valorem on goods from the largest 5 importers of Russian-origin crude oil and natural gas that knowingly make new purchases on or after October 18, 2026, and on goods from the top 5 facilitators of Russian oil sanctions evasion.