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US ready to tariff China over Russian oil buys, but Europe must follow, Bessent says
Hindu Business Line | English | News | Oct. 17, 2025 | Geopolitical Conflict and Disputes
The United States is prepared to impose tariffs on China due to its purchases of Russian oil, according to U.S. Treasury Secretary Scott Bessent. He emphasized that China buys 60% of Russian energy and 90% of Iranian energy, which he stated fuels the Russian war effort.
Bessent also indicated that the U.S. plans to present photographic evidence provided by the Ukrainian government showing Chinese components being used in Russian drones active in Ukraine. However, he noted that such tariff actions would require cooperation from European allies to be effective.