Trump Signs Law Allowing Up to 100% Tariffs on Russian Oil Buyers

US President Donald Trump has signed the Lindsey O. Graham Sanctioning Russia and Iran Act, giving Washington authority to impose tariffs of up to 100% on countries purchasing Russian oil and natural gas.

The law targets major buyers of Russian crude, including India, which imports over 88% of its crude-oil requirements, with Russia supplying 51.1% in July 2026.

However, the signing does not mean a 100% tariff will automatically be imposed; the actual rate remains to be decided by the US administration.