US warns China of 100% tariffs over sanctioned Russian oil purchases
'Anyone buying sanctioned Russian oil should be ready for this,' Bessent said at a press conference. According to Bessent, Chinese officials pushed back, asserting that their energy purchases are guided by domestic needs and sovereignty.'The Chinese take their sovereignty very seriously,' he said. 'We don't want to interfere with that, so they'd prefer to pay a 100% tariff.'China is currently the largest importer of Russian oil, averaging around 2 million barrels per day, followed by India and Turkey.Bessent also raised concerns about China's continued sale of dual-use technology, valued at over USD 15 billion to Russia. These goods, capable of both civilian and military use, are believed to be supporting Russia's war machine.He warned Vice Premier He Lifeng that these exports risk undermining China's trade relationships in Europe. 'I told them plainly: Europe sees this as enabling a war on its borders, and it's damaging China's image and credibility there,' Bessent said.The meetings in Stockholm signal growing tensions between Washington and Beijing over the global enforcement of sanctions linked to the Ukraine war.- EndsTune InMust Watch
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