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US-China trade talks threaten to explode over Russia oil

UNITED STATES, AUG 1 – The US aims to cut Russia's war funding by pressuring China to stop buying its oil and gas, threatening tariffs after failing to extend a tariff truce set to expire August 12.

Summary by Asia Times
The United States has urged China to halt its purchases of oil and gas from Russia, threatening it with secondary sanctions, including possible 100% tariffs. The warning came after the US reached trade deals with the European Union and Japan that set tariffs at 15%. In meetings in Stockholm, Sweden, earlier this week, US Treasury […] The post US-China trade talks threaten to explode over Russia oil appeared first on Asia Times.

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Asia Times broke the news in Hong Kong on Thursday, July 31, 2025.
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