Does Trump’s 60-day tariff waiver really give relief to India?
President Trump has issued a 60-day waiver on tariffs for countries importing Russian oil, citing US national interests. While the move is framed as a strategic decision to stabilize global oil prices, it provides temporary relief to major buyers like India and China.
Why it matters
The waiver illustrates the complex interplay between US sanctions policy, global energy markets, and the diplomatic leverage held by major oil-importing nations.
What does US President Donald Trump’s decision to waive sanctions on Russia and tariffs on countries buying oil from Moscow really mean for India? The US decision to waive the proposed sanctions under the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 is clearly aimed at securing relief for its own country.The development comes amid America’s shifting approach to Russian energy. In a separate deal, Russia agreed to release more than 300,000 metric tonnes of diesel for the US and global markets, with further supplies proposed for subsequent months.While the US-Russia diesel deal primarily focused on the bilateral US-Russia relations, the tariff waiver is mostly directed to India and China.
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