US Waives Graham Act Tariffs on Russian Goods, Pausing Trade Risk for Major Food Importers
President Donald Trump has waived the tariffs under the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, pausing duties that could have raised import costs from countries including China, India, and the European Union.
The order, dated October 16, implements the Act that Trump signed into law on September 18. It sets a 500% ad valorem duty on goods from Russia, a 100% duty on the five largest buyers of Russian crude oil and natural gas if they make new purchases...
To Read Full Story Login Below.