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Trump enacts Graham Law to pressure Russia and Iran
President Donald Trump signed into law the Graham Act of 2026, which expands sanctions and economic restrictions on Russia and Iran. The law aims to reduce Russia's revenue used to fund its war against Ukraine by extending sanctions on the energy and defense sectors, as well as imposing restrictions on related companies. It also includes expanded sanctions on Iran. Additionally, the law grants the U.S. government the authority to impose tariffs of up to 100% on goods from China, India, and other countries that purchase Russian oil and gas or help Moscow circumvent sanctions. This is the first congressional authorization in nearly 40 years to impose such tariffs, with the possibility of waiving sanctions for certain countries based on national interest.
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