Trump waives key Russia-related sanctions and tariffs

President Donald Trump has waived major Russia-related sanctions and tariffs days before implementation. The executive order cites national interests to prevent potential energy price spikes ahead of upcoming midterm elections.

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U.S. President Donald Trump and Russian President Vladimir Putin shake hands during a press conference following their meeting to negotiate an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, U.S., August 15, 2025. REUTERS/Jeenah Moon/File Photo

President Donald Trump waived key Russia-related penalties and tariffs on October 16, averting duties on up to 100% of goods and restrictions on oil and gas purchases. The executive order stalls measures from a law signed last month intended to increase pressure on Moscow. The intervention comes as voters face elevated energy expenses and broader economic pressures.

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