US President Donald Trump indicated on Wednesday that China could face new tariffs similar to those recently imposed on India due to continued purchases of Russian oil. Trump recently added a 25 percent tariff on Indian goods, citing its ongoing energy trade with Russia.
When asked about extending sanctions, he said, “We did it with India. We’re probably doing it with a couple of others. One of them could be China”, Reuters reported.
While China was not mentioned in the official order, Treasury Secretary Scott Bessent had earlier warned Beijing of potential penalties if it continued buying Russian oil.