Trump Suspends 100% Tariffs on Russian Oil Buyers Like India for 60 Days
US President Donald Trump has temporarily suspended 100% additional tariffs planned on countries like India that purchase crude oil from Russia. A 60-day review period will now examine the situation. The suspension applies to key provisions of the "Planet Act" targeting Russian oil and gas importers including India and China. Secretary of State Marco Rubio stated the delay allows deep review of international markets and geopolitical conditions. The tariffs were scheduled to take effect October 18. The US cited global energy market fragility from the Iran crisis, Houthi attacks on Saudi Arabia, and the Russia-Ukraine war. India gains temporary relief for its refineries, though Democratic Senator Elizabeth Warren and Ukraine's President Zelensky criticized the decision. Experts warn this is not a long-term guarantee.