Trump Waives Russia Sanctions That Threatened Tariffs on India

US President Donald Trump has waived sanctions and tariffs tied to Russian exports under the 'Lindsey O Graham Sanctioning Russia and Iran Act of 2026', providing relief to India and China. The waiver, issued Friday, suspends implementation of Russia-related tariffs, though Trump could reapply them later. The legislation, named after the late Senator Lindsey Graham, had given Trump 30 days to impose 100 per cent tariffs on goods from top Russian crude buyers including India and China, plus 500 per cent tariffs on Russian energy imports. Trump cited "national interest" in his executive order, with the deadline set to expire October 18. India had previously stated it would protect its trade interests and energy security for 1.4 billion people. The waiver comes amid Trump's warming ties with Russia, including a recent diesel deal with Putin and public criticism of Ukrainian President Zelensky.