World
Trump waiver pauses 100% tariffs on Russian oil buyers
The Indian Express··7h ago
US President Donald Trump waived Graham Act sanctions and duties a day before they were due, citing the national interest. The law allowed 100 percent tariffs on goods from the top five Russian crude buyers, including India and China. NDTV said the October 18 deadline is paused; tariffs could still be applied later. The order was released late Friday.
Prism
What It Means For You
- Indian exporters avoid an immediate stack of new 100 percent US tariffs tied to Russian oil purchases.
- Times of India noted Russia remains India's single largest crude supplier while the waiver holds.
- Existing separate US tariffs on Indian goods, cited by NDTV at 10 percent in one penalty context, are unchanged by this order.
What's Happening
- Trump said he submitted a certification to Congress that the waiver serves US national interest.
- The measure also provided for 500 percent tariffs on US imports of Russian energy products.
- Top-five buyer lists in the coverage name China, India, Slovakia, Hungary and Azerbaijan.
Why India Watched The Deadline
- The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 was signed last month.
- Senator Graham died in July after a trip to Kyiv, NDTV reported.
- Indian Express's primary page returned desk chrome only; facts here come from NDTV and Times of India.
all-news
