Friday, September 11
U.S. President Donald Trump said on Friday he does not need to immediately impose retaliatory tariffs on countries such as China for buying Russian oil, though he may revisit the issue “in two or three weeks”, reported Reuters quoting Fox News.Trump has threatened fresh sanctions on Moscow and secondary penalties on nations purchasing its crude if no steps are taken to end the war in Ukraine. India and China remain Russia’s two largest oil buyers.Last week, Trump announced an additional 25% tariff on Indian exports, citing New Delhi’s continued oil imports from Russia. But he has not yet taken similar action against Beijing.Asked by Fox News whether such measures were under consideration after his Alaska summit with Russian President Vladimir Putin yielded no deal on Ukraine, Trump
President Donald Trump has indicated that the US may not impose secondary tariffs on countries continuing to procure Russian crude oil.There were apprehensions that additional secondary tariffs would have hit India in case the US decided to enforce them."Well, he (Russian President Vladimir Putin) lost an oil client, so to speak, which is India, which was doing about 40 per cent of the oil. China, as you know, is doing a lot...And if I did what's called a secondary sanction, or a secondary tariff, it would be very devastating from their standpoint. If I have to do it, I'll do it. Maybe I won't have to do it," Trump said on Friday.The US president made the remarks in an interview with Fox News aboard Air Force One en route to Alaska for a high-stakes summit meeting with Putin. The meeting c
