Trump Waives Russia Measures as Administration Reviews Impact

President Donald Trump has waived specified Russia-related sanctions and tariffs while deciding whether to enforce them, and Secretary of State Marco Rubio said the administration would take up to 60 days to assess their potential economic effects. Trump said he had not yet announced a final decision on whether the measures would be put into effect. The waiver was issued in an executive order signed October 16 under the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which Trump signed into law in September. The order suspends specified provisions of the law but does not permanently cancel them. It sets no fixed expiration date; the waiver remains in force until Trump or an authorized administration official determines that further action is appropriate. Rubio said the review would examine what imposing the sanctions and tariffs could mean for the U.S. and global economies. The law covers measures targeting Russian energy trade and countries that buy Russian oil and gas. It authorizes tariffs of up to 100% on goods from countries meeting specified conditions as purchasers of Russian energy, and up to 500% on Russian goods. Those are statutory limits, not tariffs...