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Trump waives some Russia-related sanctions that threatened 100% tariffs on India, China
Trump invoked the waiver clause under a law signed last month, championed by late Senator Lindsey O Graham.
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United States President Donald Trump has waived the application of “sanctions, restrictions, and duties” related to Russian energy exports under a law that he signed last month, saying it was in the “national interest” of America.
The US President invoked the waiver clause under the law, championed by late Senator Lindsey O Graham as a way to bring punitive measures against Russia for its invasion of Ukraine.
The law had proposed tariffs of up to 100 per cent on goods from the top five purchasers of Russian oil and gas – which include China and India – within 30 days after its enacting. However, the law did not automatically impose tariffs, leaving the decision of imposing it, its rate and timing to the President.
The recent waiver directive will suspend the implementation of the tariffs, but does not stop their formal imposition, which means that Trump can apply them at any other time of his choosing.
What did the executive order say?
“I am hereby waiving the application of such sanctions, restrictions, and duties provided for in the Graham Act. I have submitted to the Congress a certification that the issuance of such a waiver at this time is in the national interests of the United States,” Trump said in the executive order regarding the waiver, Bloomberg reported.
This comes a week after the US President had, in a surprise move, said America had agreed to buy diesel from Russia in order to attempt to push down global energy prices, the Associated Press reported.
