Trump pauses massive tariffs on Russian goods as president warms to Putin
US President Donald Trump has announced that he is waiving several massive sanctions, restrictions and duties just days before they were set to take effect under. The US leader had signed the bill into law just last month.
TL;DR
- President Trump waived massive sanctions, restrictions, and duties on Russian goods.
- The legislation, signed into law last month, was set to take effect days after the waiver announcement.
- The waived sanctions included potential tariffs of 500% on goods from Russia and 100% on goods from facilitators and importers of Russian oil and natural gas.
- The executive order cited national interest as the basis for the waiver.
- This action follows President Trump's recent criticism of Ukrainian President Volodymyr Zelensky.
- Trump announced an agreement with President Putin for Russia to supply significant amounts of diesel fuel to the American and global markets.
- President Zelensky reacted angrily, accusing Trump of benefiting Russia and prolonging the war.