Trump thinking of tariffs on China for buying Russian oil but yet to take decision: JD Vance

  • Posted on August 10, 2025
  • By Business News Today
  • 1 Views
Trump thinking of tariffs on China for buying Russian oil but yet to take decision: JD Vance

The United States is contemplating tariffs on China for importing oil from Russia. This follows the recent imposition of tariffs on India for similar imports. Previously, President Trump announced a 25% tariff on Indian imports. India's reliance on Russian oil increased significantly after Western sanctions. Russia became India's largest oil supplier, accounting for 35.1% of imports in FY25.
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