Trump waives new Russia tariffs as October 18 oil deadline arrives

President Donald Trump waived new Russia-linked duties in an October 16 order , keeping those additional tariffs from applying as October 18 arrives. The date is a condition for targeting certain countries over new Russian-energy purchases; the waiver changes one potential inflation and financing-cost risk for Bitcoin. The order implements the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. It specifies additional duties of 500% on Russian goods and 100% on goods from two country groups: the five largest Russian oil and gas importers that knowingly make new purchases on or after October 18, and the top five facilitators of Russian oil sanctions evasion. Exceptions apply, and the same order waives the duties. The waivers have no fixed expiry.

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