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Rubio signals tariff waivers after India warns US over Russian oil duties
Original: BIG RELIEF FOR INDIA? US BLINKED? Days after New Delhi WARNED the US of SEVERE diplomatic fallout over 100% tariffs on R
US Secretary of State Marco Rubio has clarified that while the law grants President Trump powers to impose 100% tariffs on countries buying Russian oil, it also allows national security waivers. The remark came days after New Delhi warned of severe diplomatic fallout if the tariffs hit India. Indian observers are reading the statement as a possible sign of US softening.
Why now: India is watching for signals that threatened US tariffs on its Russian oil purchases may be waived, easing trade tensions.
Marco RubioDonald TrumpIndiaUnited States
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