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Business

Trump wants 60 days to analyse impact of Russia sanctions law: Rubio

Business Standard ·
Trump wants 60 days to analyse impact of Russia sanctions law: Rubio

US President Donald Trump wants to take a 60-day period to analyse what imposing sanctions on Russia and tariffs on other countries would mean for the global economy, Secretary of State Marco Rubio said here.

Rubio was responding to questions on Saturday evening ahead of his departure for a week-long tour of Uzbekistan and India.

"I think the president wants to take the 60-day period of time to sort of analyse what imposing both sanctions and tariffs will mean to the global economy, and even to the US economy," Rubio said in response to a question on the waivers granted by Trump under the Sanctioning Russia and Iran Act or the Graham Act.

On Friday, Trump waived key provisions of the Graham Act that authorised punitive tariffs on countries purchasing Russian oil, offering relief to India.

The executive order signed by Trump on Friday states that the waivers shall remain in effect until such time as the President or the Secretary of State, in consultation with the Secretary of the .

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