Legis
Trade
Executive order · Friday 16 October 2026

Implementing The Lindsey O. Graham Sanctioning Russia And Iran Act Of 2026

Trump establishes steep Russia-related tariffs and sanctions but immediately waives their application.

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The order creates a framework for tariffs of up to 500 percent while preventing the Graham Act’s new duties, sanctions, and restrictions from taking effect unless the President or designated officials later end the waivers.

What the order does ​

  • Sets a 500 percent additional tariff on Russian goods, subject to statutory exceptions and the order’s waiver.
  • Sets 100 percent additional tariffs on goods from the five largest buyers making new purchases of Russian oil or gas on or after October 18, 2026, subject to exceptions and the waiver.
  • Sets 100 percent additional tariffs on goods from the five leading countries facilitating Russian oil sanctions evasion, subject to exceptions and the waiver.
  • Waives the Graham Act’s new duties, sanctions, and restrictions until the President or designated officials determine further action is appropriate.
  • Leaves sanctions imposed under earlier Russia-related executive orders unchanged.
  • Directs the U.S. Trade Representative and Cabinet officials to monitor Russian energy purchases and sanctions evasion and recommend further action.
  • Delegates Graham Act authorities to the Secretaries of State, the Treasury, and Energy and to the U.S. Trade Representative.

Who it affects ​

  • Russian exporters and foreign persons potentially covered by the Graham Act.
  • Countries buying Russian crude oil or natural gas after the stated date.
  • Countries facilitating evasion of Russian oil sanctions.
  • U.S. importers and businesses purchasing goods that could become subject to the additional tariffs.