U.S. President Donald Trump said Friday he sees no immediate need to impose retaliatory tariffs on countries that buy Russian oil, notably China, following what he described as productive talks with President Vladimir Putin in Anchorage aimed at ending the war in Ukraine. Trump told reporters that the issue could be revisited "in two or three weeks" if Moscow fails to build on the progress claimed at the summit. China and India are the largest importers of Russian crude, and the White House had threatened secondary sanctions and higher duties to curtail that trade. The administration last week added a 25% duty on Indian goods over New Delhi’s continued purchases of Russian oil, lifting overall U.S. tariffs on some Indian products to 50%. Similar action against Beijing remains on hold; Trump warned that China’s slowing economy would "suffer" if he moves ahead, even as the two sides pursue wider trade negotiations. The pause provides a brief respite for global energy markets and supply chains, but traders and diplomats are watching whether the self-imposed two-to-three-week deadline leads to fresh tariffs or renewed diplomatic efforts.
U.S. President Donald Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to "in two or three weeks." https://t.co/kJpbHM7Lqf
Trump says the US may not add extra tariffs on India for buying Russian oil, leaving room for change of plans after India faced 50 per cent tariffs. Read more: https://t.co/P2VLE0Dywb #DonaldTrump #US #USIndia #TariffsOnIndia #TrumpTariffs #RussianOil https://t.co/2WD96mG4en
#Trump says no imminent plans to penalize #China for buying #Russian oil