Trump Signs Graham Act Regarding Tariffs on Russian Oil Buyers
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
President Donald Trump signed the Graham Act on September 27, 2026. The legislation authorizes tariffs of up to 100 per cent on the largest buyers of Russian oil and gas, a list that includes India. The act allows the US President to impose these tariffs but does not enforce them, giving him room to negotiate a trade deal.
Why it matters
The Graham Act aims to address Russia’s revenues and its ability to continue the war in Ukraine. A negotiated trade deal could protect India from the full 100 per cent tariff and potential action under Section 301 investigations. Delays in reaching such a deal may increase India's exposure to other pending US trade actions.
The UNGA debate, which began on September 22, 2026, involved high-level discussions about international affairs.
Who's involved
- Donald TrumpPresident of the United States and signatory of the Graham Act
How it developed
Newest first. Tap a step to see who reported it.Trump signs the Graham Act as India buys Russian oil.1 source
UNGA debate involving Bangladesh and Donald Trump takes place near East River.1 source
Keep exploring
The entities involved
-
East River
river in Colorado, United States
Nothing else this week.
-
Bangladesh
American record producer
Nothing else this week.
-
Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)