WASHINGTON — President Trump on Tuesday requested the European Union to impose as much as 100% tariffs on China and India for the rogue nations' purchases of Russian oil to attempt to crank the financial strain on the Kremlin, a well-placed supply mentioned.
Ought to Europe select to levy the up-to-100% tariffs the president requested, Washington could also be keen to challenge the identical on India and China, US officers advised The Publish.
Beijing and New Delhi are the 2 most prolific patrons of Russian oil — the primary income that Moscow makes use of to fund its horrific struggle on Ukraine.
In July, China paid Moscow greater than $7.2 billion for Russian fossil fuels, whereas India spent roughly $3.6 billion for its imports, based on a report by the Helsinki-based Centre for Research on Energy and Clean Air.
Trump has been urging his European companions to sanction nations that buy Russian oil — and cease shopping for Russian vitality merchandise themselves — in telephone calls with officers over the previous two weeks.
The US doesn't straight buy Russian oil.
It has positioned 50% tariffs on India for its Russian oil purchases however thus far has held off on slapping punishments on China.
The White Home has additionally requested European nations to hitch in on potential secondary sanctions that may goal all nations that purchase oil from Russia.
The information got here as Trump on Tuesday afternoon introduced on Reality Social that he could be talking together with his “excellent good friend, [Indian] Prime Minister Modi, within the coming weeks.
“I'm happy to announce that India, and the USA of America, are persevering with negotiations to deal with the Commerce Limitations between our two Nations,” he mentioned.
“I really feel sure that there might be no issue in coming to a profitable conclusion for each of our Nice Nations!”
