MarketPR
Graham Sanctioning Russia and Iran Act of 2026 faces a suspension of its key tariff mandates after President Donald Trump signed an executive order late Friday.
The order waives planned penalties on Russian goods and major oil buyers, citing national interests as the justification for the move. The legislation, which the House passed on Sept.
16 and Trump signed into law two days later, required the president to increase duties on all Russian goods imported into the U.S.
It also mandated tariffs of up to 100% on countries such as China and India identified as top purchasers of Russian crude oil or gas.
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