Cailian Press, Oct. 17 — First, let’s spell out the two caps: 500% and 100%. According to a statement released by the White House on the 16th, President Trump signed an executive order that day waiving several sanctions on Russia. The waiver covers most provisions of the Graham Sanctioning Russia and Iran Act of 2026, including ad valorem tariffs of up to 500% on goods imported from Russia, and ad valorem tariffs of up to 100% on goods exported to the United States from the top five importers of Russian crude oil or natural gas. The waiver will remain in effect until the U.S. president, or the secretary of state in consultation with the secretary of the treasury and other officials, takes further action. The direct impact lies not simply in the easing itself, but in whether the two highest ad valorem tariff rates are removed from implementation, and whether U.S.-bound goods from the top five energy importers are likewise exempted from the 100% rate. The trigger remains tied to subsequent consultations involving the president, secretary of state and secretary of the treasury, with no fixed timeline specified.
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