CatalystGeopolitics
TRUMP RUSSIA OIL TARIFF WAIVER , THE MIDTERM ELECTION CALCULUS BEHIND IT AND THE STAKES FOR INDIA - US TRADE DEAL
Trump's Russia oil tariff waiver and its midterm election calculus affect the US-India trade deal.
Context
What happened: Trump signed an executive order waiving sanctions on Russia and holding off tariffs on countries such as India that buy Russian energy, two days before they were due to take effect under the Graham Act.
Key numbers: Waiver signed Friday; Graham Act signed September 18; provisions were due October 18; tariffs of up to 100% on top five buyers of Russian oil and gas; up to
Why it matters: Trade experts say the waiver removes some tariff uncertainty and improves prospects for an interim India-US trade deal, though Rubio's 60-day review and unresolved terms keep the threat open.
Coverage: 4 outlets in 24h
What changed
Trump signed an executive order waiving sanctions on Russia and holding off tariffs on countries such as India that buy Russian energy, two days before they were due to take effect under the Graham Act.
Why it matters
Trade experts say the waiver removes some tariff uncertainty and improves prospects for an interim India-US trade deal, though Rubio's 60-day review and unresolved terms keep the threat open.