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U.S. pressures G7 to target China, India with tariffs for buying Russian oil

global.espreso.tv
Fri, 12 Sep 2025 12:53:00 +0300
U.S. pressures G7 to target China, India with tariffs for buying Russian oil
Four informed sources told the Financial Times.On Friday, during a video conference, the G7 finance ministers will discuss the U.S. proposal for a new package of measures. This week, the U.S. president urged the EU to impose tariffs of up to 100% on China and India, and he is now extending this pressure to G7 allies.A spokesperson for the U.S. Treasury Department said that China’s and India’s purchases of Russian oil fund Putin’s war machine and continue the senseless killing of Ukrainians.He added that earlier this week, they had made it clear to their EU allies that if they were serious about ending the war in their own backyard, they should join the U.S. in imposing real tariffs, which would be lifted on the day the war ends.The spokesperson declined to provide exact figures for the planned tariffs, but, according to informed sources, the U.S. has proposed a range of 50% to 100%.Last month, the U.S. raised tariffs on imports from India to 50% due to its purchases of Russian oil. In April, Trump sharply increased tariffs on Chinese imports but lowered them in May after a negative market reaction.EU officials are aware that imposing such high tariffs on two of the bloc’s key trading partners would be difficult, given the economic consequences and the likely response from Beijing.Brussels hopes to finalize a trade agreement with New Delhi in the coming weeks, aiming to strengthen ties with the Asian country.At the same time, it is trying to convince the U.S. that similar pressure can be achieved through other measures, including tightening sanctions on Russian energy companies and moving forward the EU member states’ deadline to stop purchasing Russian oil and gas from 2027 to an earlier date.For this, as three European officials noted, Trump will have to pressure Hungary and Slovakia — two countries led by pro-Russian leaders that still purchase Russian oil via pipeline and have repeatedly blocked tougher EU sanctions.Within the EU, discussions are already underway about the possibility of imposing sanctions on China for buying cheap Russian oil and gas. On Thursday, EU Energy Commissioner Dan Jørgensen met with U.S. Energy Secretary Chris Wray to discuss replacing Russian liquefied gas with American supplies.The EU still imports about one-fifth of its gas from Russia, compared with 45% before the full-scale invasion in 2022.
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