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World

Trump Waives Russian Oil Sanctions, Eases 100% Tariff Threat Ahead of Marco Rubio Visit

India Today - World ·
Trump Waives Russian Oil Sanctions, Eases 100% Tariff Threat Ahead of Marco Rubio Visit

Donald Trump has waived Russia-related tariffs and key sanctions provisions, providing significant relief to India on oil imports ahead of Marco Rubio's visit.

The United States has suspended the threat of 100% tariffs on major purchasers of Russian energy, with India and China being key beneficiaries.

Trump invoked a national interest waiver to halt trade penalties amid rising domestic fuel prices and energy market pressures ahead of the US midterm elections.

The move marks a strategic shift in Washington's approach to stabilize global energy supplies.

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