Additional Tariffs Must Be Imposed on India and China - Bessent

US Treasury Secretary Scott Bessent has criticised European countries for refusing Washington’s request to impose additional tariffs on India and China over their purchases of Russian oil. Bessent questioned why the United States should bear the burden of pressuring Russia alone, arguing that countries continuing to buy Russian oil help Moscow sustain its war in Ukraine.

Europe’s reluctance to impose further tariffs highlights differences between Washington and its allies over how to increase pressure on Russia. While the US is pushing for stronger economic measures, European countries are weighing the potential impact on trade and their own economic interests. The disagreement reflects the broader challenge of coordinating a unified strategy against Russia while managing international trade relationships.