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Bessent says US won't hit China with tariffs over Russian oil unless Europe goes first
- On September 15, 2025, in Madrid, U.S. Treasury Secretary Scott Bessent asserted that if Europe were to impose significant additional tariffs targeting those purchasing Russian oil, the conflict in Ukraine could be resolved within two to three months.
- Bessent explained that cutting off Moscow's main revenue from oil sales is essential, while the U.S. will not add tariffs on Chinese goods unless Europe also imposes steep duties on China and India.
- He criticized some European countries for buying Russian oil and petroleum products refined in India, saying these purchases help finance the conflict in Ukraine and called on Europe to act now.
- Bessent stated that tariffs on Indian products have helped advance negotiations with India, and President Trump has encouraged European nations to consider steep duties—ranging from 50% to 100%—on imports from China and India as a strategy to reduce Russia’s oil income.
- The U.S. intends to collaborate with European partners on imposing tougher penalties on Russian companies such as Rosneft and Lukoil, while also looking into ways to utilize portions of the roughly $300 billion in frozen Russian sovereign funds to aid Ukraine.
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14 Articles
14 Articles
The United States will not impose additional duties on goods from China in connection with Beijing's purchases of Russian oil until EU countries take similar measures.
Coverage Details
Total News Sources14
Leaning Left4Leaning Right1Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 40%
C 50%
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