Lindsey O. Graham Sanctioning Russia and Iran Act of 2026
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President Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 in mid-September, granting him authority to impose 100% tariffs on countries like India and China that import Russian oil. However, by October 17, Trump waived these core sanctions, allowing India to continue purchasing discounted Russian crude without tariffs. Watch for potential Congressional pushback or further executive actions regarding these waivers.