Trump Signs New Russia-Iran Sanctions Law; India, China Face Possible 100% Tariffs
Mian Nadeem | Published September 19, 2026
After signing the Lindsay O’Graham Act, the president can now impose targeted tariffs of up to 100% on five major countries purchasing Russian oil and gas, according to a report.
Key Points:
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US President Donald Trump signed the new Lindsay O’Graham Act 2026 concerning sanctions against Russia and Iran on September 18, 2026.
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The law expands existing legal sanctions, tariffs, and other restrictions against Russia and extends existing sanctions on Iran.
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It grants the US president the authority to impose targeted tariffs of up to 100% on the five largest buyers of Russian crude oil or natural gas. India and China are among the potential targets.
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However, it's important to note that 100% tariffs have not yet been imposed on either country. The law allows for future administration decisions regarding rates and specific countries targeted.
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It also targets Russian officials, financial institutions, individuals and entities linked to the defense sector, and a network of vessels known as Russia’s “shadow fleet.”
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The act extends sanctions against Iran for five more years.
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Certain exemptions from sanctions or tariffs are permitted under specific conditions.