Washington, October 17, 2026: US President Donald Trump has suspended the implementation of new tariffs of up to 100% targeting countries that purchase Russian oil and gas, providing significant relief to India and China.
According to reports published on October 17, Trump issued an executive order waiving key Russia-related sanctions and tariff measures that were due to take effect under recently enacted US legislation. The decision was reportedly taken in the national interest of the United States.
Relief for India and China
India and China are among the world’s largest buyers of Russian energy. The proposed measures had threatened additional tariffs of up to 100% on imports from countries meeting specified criteria related to Russian oil and gas purchases.
The suspension removes the immediate threat of these additional penalties, potentially easing pressure on India’s trade relations with Washington and reducing uncertainty for businesses engaged in international commerce.
What Happens Next?
The suspension does not mean that all US tariffs on Indian and Chinese goods have been abolished. Existing tariffs and other trade restrictions may continue to apply, depending on the product and the legal measures involved.
The decision comes as Washington continues to navigate its trade relationships with New Delhi and Beijing amid broader geopolitical tensions and concerns over global energy prices.
