Trump waives some Russia-related sanctions that threatened 100% tariffs on India

Trump waives some Russia-related sanctions that threatened 100% tariffs on India 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.Donald Trump (Getty Images via AFP)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 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.“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.Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read MoreDonald TrumpRussiaSanctionGet the latest World News, breaking headlines and global updates from the US, UK, Pakistan, Bangladesh, Russia and other countries. Follow major international events on Hindustan Times.