Trump EO Imposes 500% Russia Tariffs and Waives Sanctions

President Trump signed an executive order on October 16, 2026, activating a 500% tariff on Russian goods and a 100% tariff on top five crude importers. The order waives sanctions under Section 4 of the Graham Act, citing national interest. The act extends Iran sanctions through 2031 and mandates actions against major Russian banks by October 19.

https://www.tftc.io/graham-act-executive-order-russia-tariffs-500-percent-waivers

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