‘Expect Europeans to do their share now’: US holds back on China tariffs
US treasury secretary Scott Bessent stated that the Trump administration will hold off on new tariffs on Chinese goods related to Russian oil purchases, pending substantial tariff actions from European countries. Bessent emphasised the need for Europe to increase pressure on Moscow's oil revenues, suggesting significant tariffs on buyers of Russian oil to effectively cut off Moscow's income source.
US treasury secretary Scott Bessent stated that the Trump administration will hold off on new tariffs on Chinese goods related to Russian oil purchases, pending substantial tariff actions from European countries. Bessent emphasised the need for Europe to increase pressure on Moscow's oil revenues, suggesting significant tariffs on buyers of Russian oil to effectively cut off Moscow's income source.
