Trump waives new Russia tariffs as October 18 oil deadline arrives
President Trump’s October 16 order waived newly authorized Russia-related tariffs, including duties of up to 500% on Russian goods and 100% on goods from certain countries tied to Russian energy purchases or sanctions evasion. The waivers have no fixed expiry and remain in place until the president or secretary of state decides otherwise. Existing sanctions are preserved, while officials are tasked with monitoring relevant activity; the order does not name the countries affected. Avoiding the additional tariffs may reduce one potential source of energy-price and inflation pressure, which could limit pressure for tighter monetary conditions and, indirectly, affect Bitcoin and crypto liquidity. Future changes to the waivers and their effects on energy prices and financing conditions are key signals.
