Graham Act deadline nears, but no word on tariffs against India

Graham Act deadline nears, but no word on tariffs against India

With the October 18 deadline approaching under the Lindsey O. Graham Sanctioning Russia and Iran Act, the Trump administration has yet to publicly announce which countries could face new tariffs, the applicable rates or whether any exemptions will be granted. India’s exposure therefore remains uncertain as U.S. Secretary of State Marco Rubio prepares to visit the country.

President Donald Trump signed the legislation into law on September 18. It authorizes tariffs of up to 100 percent on goods from certain countries linked to Russian oil and gas purchases or efforts to evade sanctions. The law’s provisions include conditions related to countries’ energy imports and purchases made after the deadline.

As of Thursday morning, the White House, the Office of the U.S. Trade Representative and the Treasury Department had not publicly released a list of targeted countries, tariff rates or a waiver certification, according to the report. However, the absence of a public announcement does not establish whether the administration has submitted required documents to Congress, as some statutory communications may not be made public.

India faces potential scrutiny because it remains one of the largest buyers of Russian crude oil. The law’s provisions make exposure dependent on specific criteria, including a country’s position among major importers and qualifying new purchases. The final impact will depend on how the administration applies the law and whether it grants any relief.

Rubio is scheduled to travel to India from October 17 to 22, with stops in Mumbai and Jamnagar. The Jamnagar visit is particularly significant because the city hosts Reliance Industries’ major refinery complex, which processes Russian crude. The trip comes as India and the United States continue discussions on trade and energy cooperation.

U.S. Ambassador to India Sergio Gor has indicated that the decision rests with Trump. Meanwhile, lawmakers have urged the administration to use the law’s authorities against countries they consider major enablers of Russia. A group of senators recently singled out China without naming India.

Any additional Graham Act tariff could increase costs for affected Indian exports, depending on the measures ultimately adopted. For now, the lack of a public decision leaves Indian businesses and policymakers waiting for clarity as the deadline approaches.