US to urge G7 to impose high tariffs on China, India over Russian oil purchases

https://www.ft.com/content/51ea9210-078f-42d7-a4ba-5ad985902761

Posted by joe4942

2 comments
  1. The US plans to push G7 countries to impose sharply higher tariffs on India and China for buying Russian oil, aiming to force Moscow into peace talks over Ukraine. Finance ministers from the Group of Seven will discuss the US proposal during a video call as President Trump intensifies efforts to broker a peace deal. US officials argue Chinese and Indian purchases fund Russia’s war machine and have proposed tariff levels reportedly between 50 and 100 percent. EU officials warn such steep tariffs would be difficult due to economic fallout and possible retaliation, and are pressing alternatives like tougher sanctions on Russian energy and accelerating a 2027 deadline to stop buying Russian oil and gas. Canada, holding the G7 presidency, confirmed discussions on measures to increase pressure on Russia, while also weighing diplomatic and economic consequences with India and China.

  2. Good idea! Perhaps the US should lead the way and impose 50-100% tariffs on both India and China tomorrow. That would show them who’s the boss ! /s

    In all seriousness, Donnie doesn’t have the balls to take on China. Dude keeps extending deadline for China, and instead ask our allies to stand on the frontline and do the dirty work for him.

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