Trump waives tariffs on largest buyers of Russian oil
Summary
President Trump used his power to stop new sanctions and high tariffs on major buyers of Russian oil from starting. He said this will help lower energy prices and kept the waivers in place while his administration watches countries buying Russian energy.Key Facts
- President Trump waived tariffs of 100% on the five largest importers of Russian crude oil and gas, set by the Lindsey O. Graham Sanctioning Russia Act.
- The law lets the president pause sanctions if it serves U.S. national interests, which Trump decided to do.
- Trump also lifted 500% tariffs on other Russian goods and stopped some other sanctions.
- The law targets countries like China, India, and Turkey that buy a lot of Russian energy.
- This waiver came a week after Trump eased sanctions on Russian diesel and agreed with Putin to import diesel to the U.S.
- The U.S. has pressured countries to avoid Russian energy to block funding Russia's war in Ukraine, but Trump has focused on lowering U.S. energy costs instead.
- Ukrainian President Zelenskyy agreed to an "energy ceasefire" but later resumed attacks on Russian energy sites after Russia continued strikes.
- Many U.S. senators opposed Trump’s decision, calling it a betrayal of Ukraine and urging stronger sanctions on Russia.
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