‘100% tariff’: US official says Trump proposed higher duties on Russian oil buyers India, China in EU talks – Report– timesofindia.indiatimes.com Source Link Excerpt:
United States is considering expanding tariffs on countries that buy Russian oil, including India, but only if the European Union takes similar steps, a US official told news agency AFP on Tuesday. According to the report, dialling in to talks between US and EU officials, president Donald Trump suggested tariffs of between 50 and 100 per cent on buyers such as China and India.“The source of the money for the Russian war machine is oil purchases by China and India. If you do not get at the source of the money, there’s no way to stop the war machine,” the official said as quoted. Trump, the official added, is “ready to go” but wants the EU to act alongside the US.The discussions in Washington reportedly were led by EU sanctions envoy David O’Sullivan, with US treasury secretary Scott Bessent and officials from the state department and the US trade representative also taking part. Ukraine’s prime minister joined the session, while Trump made his intervention remotely, said the official.
