Published 1 year ago • loading... • Updated 1 year ago
Trump ready to match EU tariffs on China, India to pressure Putin: US official
The United States seeks coordinated EU sanctions to limit Russian oil revenue, targeting major buyers like India amid rising trade tensions and tariffs impacting global energy markets.
The United States is prepared to expand tariffs on buyers of Russian oil if the EU takes similar actions, according to a US official speaking to AFP.
President Donald Trump discussed potential tariffs of 50 to 100 percent on oil buyers like China and India during talks with EU officials.
The EU is preparing a new round of sanctions, its 19th since Russia's invasion, aiming to target Russian oil giant Lukoil, as reported by diplomats.
Another US official highlighted a bill with 85 Senate co-sponsors that would allow Trump to impose secondary tariffs on countries trading with Russia.