SECRETARY RUBIO: I think the President wants to take this 60-day period to analyze what imposing both sanctions and…

Department of State on X official account2026-10-18

SECRETARY RUBIO: I think the President wants to take this 60-day period to analyze what imposing both sanctions and tariffs will mean for the global economy and the U.S. economy.

Posted on X 2026-10-18 by @StateDept · View on X →

The video says (transcribed automatically):

...on Russia. Senator Ted Cruz today called it a big mistake that only serves to benefit Putin. I'm wondering what your response is to that. Well, there are other countries. The problem is these sanctions were not just sanctions on Russia. They include tariffs on a number of countries, India, for example, and others. And so I think the president wants to take the 60 -day period of time to sort of analyze what imposing both sanctions and tariffs will mean to the global economy and even to the U .S. economy. I think when the bill was passed, one of the... reasons the waivers were put in there is understanding that they would need some period of time to study this, given all the different things that are going on in the world right now, including the pressure on global energy supplies that are happening not just because of Iran and not just because of the Straits of Hormuz, but increasingly because of the Houthis attacking Saudi Arabia and because of the war with Ukraine and Russia, where energy infrastructure is being hit. And so that's having an impact on global prices as well. So I think you have to take all of that. into account and weigh it against each other. And then you've got countries like India, for example, that have voluntarily diversified their energy portfolio, but are still getting a substantial amount of energy from Russia because it's hard to pivot from one day to the next. But they're also an important ally and partner of the United States. So the president, we need that period of time to sort of study all this and figure out what the right combination is.

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Analyzed 2026-10-18 01:10 UTC.

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SECRETARY RUBIO: I think the President wants to take this 60-day period to analyze what imposing both sanctions and tariffs will mean for the global economy and the U.S. economy.

...on Russia. Senator Ted Cruz today called it a big mistake that only serves to benefit Putin. I'm wondering what your response is to that. Well, there are other countries. The problem is these sanctions were not just sanctions on Russia. They include tariffs on a number of countries, India, for example, and others. And so I think the president wants to take the 60 -day period of time to sort of analyze what imposing both sanctions and tariffs will mean to the global economy and even to the U .S. economy. I think when the bill was passed, one of the... reasons the waivers were put in there is understanding that they would need some period of time to study this, given all the different things that are going on in the world right now, including the pressure on global energy supplies that are happening not just because of Iran and not just because of the Straits of Hormuz, but increasingly because of the Houthis attacking Saudi Arabia and because of the war with Ukraine and Russia, where energy infrastructure is being hit. And so that's having an impact on global prices as well. So I think you have to take all of that. into account and weigh it against each other. And then you've got countries like India, for example, that have voluntarily diversified their energy portfolio, but are still getting a substantial amount of energy from Russia because it's hard to pivot from one day to the next. But they're also an important ally and partner of the United States. So the president, we need that period of time to sort of study all this and figure out what the right combination is.

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