Trump waives Russia-related tariffs, sparing India from 100% duties on oil trade

US President Donald Trump has waived Russia-related sanctions and tariffs, preventing potential duties of up to 100% on countries like India and China that purchase Russian oil. The executive order, signed Friday, temporarily pauses key provisions of the Graham Act ahead of their implementation. The waiver, justified as in the US national interest, removes the immediate threat of steep tariffs on Indian exports. India, a major buyer of Russian crude since 2022, benefits from stable import costs, though the US will monitor purchases and could restore measures if needed. The move follows Trump's recent criticism of Ukrainian leadership and ongoing negotiations with Russia. It signals a shift in US policy, balancing economic pressure on Moscow with diplomatic and trade interests, though existing sanctions remain in place.