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United States Executive Order implementing the Graham Act sets a 500 percent ad valorem duty increase on Russian goods and waives it at the same time

Executive Order 14436, implementing the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, known as the Graham Act, was issued by the President of the United States on October 16, 2026.
The order records that the Graham Act was signed into law on September 18, 2026, and that it provides for sanctions on foreign persons, restrictions on persons and duties on goods imported into the United States from the Russian Federation and certain other countries.
Section 2(a) of the order increases the rate of duty on goods from the Russian Federation by 500 percent ad valorem, subject to the exceptions in section 114 of the Graham Act and the waivers issued in section 4 of the order.
Section 2(b) increases the rate of duty by 100 percent ad valorem on goods from the largest 5 importers of crude oil and natural gas that originated in the Russian Federation, if the country knowingly makes new purchases of such crude oil or natural gas on or after October 18, 2026, and section 2(c) by 100 percent ad valorem on goods from the top 5 facilitators of Russian oil sanctions evasion.
Section 115 of the Graham Act lets the President waive any such sanction, restriction or duty on submitting to the Congress a written certification that the waiver is in the national interests of the United States together with a report explaining the basis for it.
In section 4 the President waives the application of the duties provided for in sections 112 and 113 of the Graham Act and in the order, along with the sanctions and restrictions under listed sections of the Act, and states that the certifications have been submitted to the Congress; the waivers remain in effect until the President or the Secretary of State determines that further action is appropriate.

Act signed into law: September 18, 2026 Duty increase on Russian goods: 500 percent ad valorem Duty increase on the largest 5 buyers of Russian oil and gas: 100 percent ad valorem Waiver clause: Section 115 of the Graham Act
Why it matters for exams: A named United States law with exact duty rates and a waiver clause - the kind of economy and international relations fact asked with figures.
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16 October 2026 Source: The White House

In plain words

Ad valorem Ad valorem duty — A customs duty charged as a percentage of the value of the goods.

Graham Act Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 — A United States law providing for sanctions, restrictions and duties connected with the Russian Federation and certain other countries.

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