US Calls on Europe to Consider Tariffs on China and India Over Russian Oil

Summary – US Treasury Secretary urges European nations to impose tariffs targeting China and India to curb Russian oil income.,

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US Treasury Secretary has called on European nations to consider imposing tariffs on China and India. This measure aims to reduce the income these countries earn from purchasing Russian oil.

The move comes amid ongoing geopolitical tensions and efforts to limit financial support to Russia through its energy exports. The US argues that by targeting China and India with tariffs, Europe can more effectively restrict the flow of revenue to Russia.

Such tariffs could impact global oil markets and international trade relations, especially between Europe, China, and India. The proposal reflects a broader strategy to leverage economic tools in response to geopolitical challenges.

Key points include:

• US urging Europe to enact tariffs specifically on China and India.
• Goal is to curb Russian oil income diverted through these countries.
• Potential implications for international trade and energy prices.

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