US Treasury Secretary Scott Bessent warned that Washington is prepared to take strong measures against Russia over its war in Ukraine. Speaking after meetings with EU sanctions envoy David O’Sullivan, Bessent said “business as usual has not worked,” while Trump signaled readiness for a “second phase” of sanctions targeting Russian oil buyers.
US President Donald Trump has urged the European Union to impose tariffs of up to 100% on China and India, the two biggest buyers of Russian oil. The request, conveyed during a meeting with EU sanctions envoy David O’Sullivan, reflects Trump’s push to pressure Vladimir Putin by targeting Moscow’s energy revenues. If adopted, it would mark a major shift in EU strategy from sanctions to tariffs.
Donald Trump signaled a softer stance on imposing secondary tariffs on India and China for buying Russian oil after his Alaska summit with Vladimir Putin. Here’s what he said and what it means for US-India-China trade relations.