Trump says no imminent plans to penalize China for buying Russian oil
- U.S. President Donald Trump stated he does not currently plan to impose retaliatory tariffs on China for purchasing Russian oil, but may need to consider it in two to three weeks.
- China and India are identified as the leading buyers of Russian oil.
- Trump has already imposed a 25% tariff on Indian goods due to its Russian oil imports but has not acted against China.
- If Trump enforces sanctions related to Russia, it could impact China's slowing economy.
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35 Articles
Countdown to Potential Tariff Hike Triggers Global Uncertainty - Real News Now
The looming expiry of a three-month halt on increased tariffs imposed upon China creates an air of uncertainty, with Tuesday as the expected day of conclusion. Following the latest discussions on Sino-U.S. trade negotiations that took place at the end of the previous month, delegates from both sides anticipated a further 90-day extension of the deadline. However, this decision apparently hinges on President Donald Trump’s discretion, and there c…
In the wake of the Alaska summit, Donald Trump told American television that he was renouncing to overtax China because of his Russian oil purchases. The US President explained this reversal by the progress he claims to have made with Vladimir Putin to end the war in Ukraine.
After his meeting with Vladimir Putin, the US President does not want to increase tariffs for buyers of Russian oil, but this could change, he says.
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