Trump Waives Russia Penalties Under Graham Act

President Donald Trump waived major Russia-related tariffs and sanctions under the Graham Act on October 16, two days before the measures were scheduled to take effect, invoking authority Congress included in the law. The order says the waiver serves U.S. national interests and remains in force until Trump or designated officials determine further action is appropriate; it sets no automatic expiration date. The law, named for the late Senator Lindsey Graham, was signed by Trump in September and intended to increase economic pressure on Moscow and countries purchasing Russian energy. It authorized tariffs of up to 500% on Russian imports and up to 100% on goods from certain countries that continued buying Russian oil and gas. It also provided for sanctions targeting Russian officials, banks and other interests. Congress gave the president power to waive the provisions, subject to a written certification and explanation to lawmakers. The order suspends many of the law’s new penalties, but does not lift all U.S. sanctions on Russia. Measures imposed under earlier executive authorities remain in place. The order also directs trade officials to monitor Russian energy purchases and...