Trump waives new Russia tariffs ahead of October 18 deadline

President Donald Trump waived new Russia-linked duties in an October 16 order, preventing additional tariffs from taking effect as the October 18 deadline approaches. This date is significant for targeting countries over new Russian energy purchases. The order implements the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which specifies additional duties of 500% on Russian goods and 100% on goods from major Russian oil importers and facilitators of sanctions evasion. The waivers have no fixed expiry and remain effective until further action is deemed necessary by the president or secretary of state. Earlier sanctions remain in place under the order's specified scope. The administration's decision to waive these duties may limit inflation and financing-cost risks for Bitcoin. Federal Reserve Governor Christopher Waller highlighted elevated energy costs and potential tariffs as inflation pressures, indicating that further interest-rate increases could occur if conditions persist. The connection to cryptocurrency lies in financial conditions, as US monetary-policy tightening has historically weakened crypto prices and reduced stablecoin market capitalization. Future monitoring of waivers and trade pressures on energy prices will be crucial.

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