Secondary tariffs could go up against India if things don't go well in Alaska : US Treasury Sec
US Treasury Secretary Scott Bessent, in an interview with Bloomberg TV, said the decision would depend on the outcome of the Alaska meeting.
"We've put secondary tariffs on Indians for buying Russian oil. And I could see, If things don't go well, then sanctions or secondary tariffs could go up," Bessent said in the interview yesterday.
'It looks like he may be ready to negotiate and we put secondary tariffs on India, on the Indians, for buying Russian oil. And I could see if things don't go well, then sanctions or secondary tariffs could go up,' he said.
Asked what about China who are the 'main purchasers of Russian crude,' Bessent said he is not going to get ahead of the President (Trump) but the President is best at 'creating leverage for himself.'
President Trump will make it clear to President Putin that all options are on the table and 'sanctions can go up or they can also be loosened.'
'They can have a definitive life. They can go in indefinitely,' he said while asking Europeans to join the US in sanctions.
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