Trump Signs Russia-Iran Sanctions Law
New Tariffs Threaten Global Trade
Abdul Rahman | Sep 24, 2026
US President Donald Trump signed into law the Sanctioning Russia and Iran Act on Friday, 18 September. The law, if implemented, is expected to cause new disruptions to the global economy, already under strain due to the US-Israeli war on Iran.
Featured Picture: US President Donald Trump talks to reporters at the White House in Washington on September 18. Photo credit: Evan Vucci
It imposes new sanctions on Russia and its high officials, including President Vladimir Putin. It targets the so-called “shadow fleet” of oil tankers allegedly used by Russia to evade the US sanctions and imposes a 500% tariff on goods imported from the country.
However, the most significant aspect of the law is related to the discretionary powers it gives to Trump. According to the law, Trump will have the power to impose tariffs of up to 100% on goods imported from the top buyers of Russian oil and gas or its military supplies.
*Abdul Rahman is a writer at Peoples Dispatch. He has a PhD in West Asian politics from Jawaharlal Nehru University and has taught political science and international relations at the University of Delhi and Tata Institute of Social Sciences.
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