Tariffs on Russian Oil Buyers Could Trigger Economic Collapse, Says US Treasury Chief
US Treasury Secretary Scott Bessent warned that secondary tariffs on countries buying Russian oil including India and China could collapse Moscow’s economy and force Vladimir Putin into peace talks on Ukraine. He urged the EU to align with Washington as Trump signals a tougher ‘phase two’ sanctions plan.
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Trump Softens Stance on India, China Tariffs After Putin Meeting
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.
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