US has urged its G7 and EU partners to impose tariffs on China and India, accusing them of propping up Moscow’s war in Ukraine through continued Russian oil purchases.
Treasury Secretary Scott Bessent said only coordinated tariffs can choke off the revenues funding Russian President Putin’s invasion. The call came as G7 finance ministers agreed to speed up the use of frozen Russian assets to support Kyiv, according to Reuters.
Washington has already doubled tariffs on Indian imports to 50 percent but has so far held back on Beijing amid ongoing trade talks. Bessent is set to meet Chinese Vice Premier He Lifeng in Madrid next week, where trade and security issues will be high on the agenda.
