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Senate Approves Graham Act, Enables 500% Russia Tariffs

7/31/2026

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Summary

Story summary

The Senate approved the Lindsey O. Graham Sanctioning Russia Act of 2026, 86-12.
The law authorizes President Donald Trump to levy up to 100 % tariffs on the top five buyers of Russian oil or gas and up to 500 % tariffs on Russian imports, adding Iran sanctions.
Critics such as Senators Maggie Hassan, Ron Wyden and Rand Paul warned the tariffs could raise U.S. inflation and demanded limits.

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Story summary

The Senate approved the Lindsey O. Graham Sanctioning Russia Act of 2026, 86-12.
The law authorizes President Donald Trump to levy up to 100 % tariffs on the top five buyers of Russian oil or gas and up to 500 % tariffs on Russian imports, adding Iran sanctions.
Critics such as Senators Maggie Hassan, Ron Wyden and Rand Paul warned the tariffs could raise U.S. inflation and demanded limits.