US Treasury Secretary Calls on Europe to Impose Tariffs on China and India Amid Global Energy Tensions

Summary – The US Treasury Secretary has urged European countries to consider tariffs on China and India to reduce Russian oil revenues, signaling increased transatlantic coordination on energy and trade policy.,

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US Treasury Secretary has called on European nations to impose tariffs on China and India as part of efforts to curb revenues from Russian oil, which has been a key source of funding amid ongoing global energy tensions. This appeal highlights a push for stronger transatlantic cooperation in addressing energy security and trade policy challenges.

The move aims to reduce financial flows to Russia by targeting countries that continue to import Russian oil despite sanctions and other restrictions. By encouraging tariffs, the US hopes to pressure both China and India to decrease their dependence on Russian energy supplies.

Key Points of the Call

• Imposition of tariffs: Suggested on imports linked to Russia’s oil revenues.
• Target countries: China and India, major consumers of Russian crude.
• Goal: Reduce Kremlin’s income to weaken Russia’s capacity to sustain its activities linked to energy exports.
• Transatlantic coordination: Emphasizes a united front between the US and European countries in trade and energy policy.

This development signals a potential shift in the international energy trade landscape, as the West seeks to reinforce sanctions and economic pressure on Russia by closing loopholes in global energy commerce.

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