Trump waives Russia sanctions, easing 100% tariff threat on India

U.S. President Donald Trump waived several Russia sanctions, BBC reported.

The waiver eases a threat of 100 percent tariffs on India, BW Businessworld reported.

The suspension eases pressure on India's oil trade and imports temporarily, DhanamOnline and BW Businessworld reported.

The move comes as a dispute between Donald Trump and Ukraine President Volodymyr Zelensky intensifies, BBC reported.

Analyst Waiel Awwad stated the waiver provides relief for India, Lokmat Times reported.

For Indian-origin households and businesses, this waiver temporarily eases tariff pressure on India's oil imports.