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Trump says he could impose more tariffs on China, similar to India duties, over Russian oil
UNITED STATES, AUG 6 – US President Donald Trump threatened tariffs on China after doubling Indian import duties to 50% for buying Russian oil, aiming to curb Moscow's war funding, officials said.
- U.S. President Donald Trump stated he might impose additional tariffs on China similar to the 25% duty he announced on India for purchasing Russian oil, according to Reuters.
- Trump mentioned the possibility of secondary sanctions on Russia to pressure them to end the war in Ukraine, citing a lack of further details.
- The Government of India criticized the increased tariff on its goods as 'unfair, unjustified and unreasonable,' stating it would protect its national interests.
- U.S. Treasury Secretary Scott Bessent warned China that continued imports of sanctioned Russian oil could result in potential tariffs under new proposed legislation.
34 Articles
34 Articles
Washington, Aug 07 (EFE).- U.S. Trade Secretary Howard Lutnick did not rule out Thursday the possibility of President Donald Trump imposing more tariffs on China for its imports of Russian oil. “Everything is on the table,” Lutnick said in an interview with Fox Business. Trump signed an executive order Wednesday to put an additional 25% tax on India – on which he already weighed 25% – precisely for trading in Moscow crude. This is a maneuver by …
Trump Hints at Additional Tariffs on China Over Russian Oil Imports
After slapping an additional 25% on Indian imports to punish India for buying Russian oil, President Donald Trump has suggested he might do the same with China. During a news conference on Wednesday, Trump was asked whether he would consider the same move for China, which is the other large buyer of Russian crude, and responded that it “may happen,” Bloomberg reported. “I mean I don’t know. I can’t tell you yet. But I can — we did it with — we d…
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