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US tariff storm passes, for now

The move offers India breathing space after Washingtons proposed tariff regime raised concerns about the impact on bilateral trade, energy security and export competitivenessreports Asian Lite News Desk US President Donald Trump has suspended key Russia-related sanctions and tariff provisions that threatened to impose duties of up to 100 per cent on imports from countries buying Russian oil and gas, giving India and China temporary relief just days before the measures were due to take effect. In an executive order issued on Friday, Trump said the decision was in the national interest of the United States. The waiver covers significant

19 Oct 2026 4:49 pm