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Rubio signals tariff waivers possible on Russian oil penalties

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 says legislation imposing 100% tariffs on countries buying Russian oil includes national security waivers, days after India warned of severe diplomatic fallout from the measures. The remarks are being read in New Delhi as a possible softening of the US position, with observers asking whether Washington has stepped back from a threatened tariff escalation against Indian imports.

Why now: India fears heavy US tariffs over its Russian oil purchases, so any hint of waivers is major trade and diplomacy news

IndiaUnited StatesMarco RubioDonald TrumpRussian oil

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Evidence

• BIG RELIEF FOR INDIA? US BLINKED? Days after New Delhi WARNED the US of SEVERE diplomatic fallout over 100% tariffs on Russian oil, Sec of State Marco Rubio CLARIFIED: "The law grants President Trump tariff powers, but ALSO provides NATIONAL SECURITY WAIVERS." · MeghUpdates · 2.8K

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