President Donald Trump has waived the new tariffs and sanctions on Russia under the law named after the late Senator Lindsey Graham. Trump signed the order on Friday, 16 October, two days before the penalties were set to take effect. Eleven weeks earlier, Trump had told mourners at Graham's funeral, 'Lindsey, we love you.'
Graham's law aimed to cut the energy income funding Russia's war in Ukraine. It would have raised tariffs, the taxes paid on imported goods, by 500 per cent on most Russian imports. The five largest importers of Russian oil and gas, including China and India, would have faced 100 per cent tariffs on goods from their countries if they knowingly made new purchases from 18 October. Senior Republicans condemned the waiver.
