Trump to Hold Off Hiking China Tariffs Over Russia Oil Purchases
'Because of what happened today, I think I don't have to think about that,' Trump said Friday in a Fox News interview with Sean Hannity after his summit with Putin. 'Now, I may have to think about it in two weeks or three weeks or something, but we don't have to think about that right now.'
Trump earlier this month threatened buyers of Russian energy with additional tariffs as a means of pressuring Putin into peace talks with Ukraine. The US president already doubled duties on Indian products to 50% starting Aug. 27 over its purchases of oil from Moscow.
Raising tariffs on China, though, would risk breaking a trade truce that Trump on Monday agreed to extend for another 90 days. That agreement saw Washington and Beijing lower duties on each others' goods that reached astronomical levels in the spring, which spooked global markets.
China has defended its imports of Russian oil as lawful and necessary for its energy security.
Trump fell short of reaching a ceasefire deal with Putin during their meeting in Alaska, but said they agreed on many points and urged Ukrainian President Volodymyr Zelenskiy to make a deal with the leader who launched an unprovoked invasion of his country in 2022.
'I think, you know, the meeting went very well,' Trump said on Fox News.
More stories like this are available on bloomberg.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
6 minutes ago
- Economic Times
Waiting for US citizenship? Immigration authorities to now scrutinize applicants' good moral character
In an effort to tighten access to U.S. immigration benefits, the U.S. Citizenship and Immigration Services (USCIS) has announced a major policy shift, restoring a stricter and more comprehensive assessment of the 'good moral character' (GMC) requirement for foreign nationals seeking American citizenship. "Among other eligibility factors, aliens applying for naturalization must demonstrate that he or she has been and continues to be an individual of good moral character (GMC). Evaluating GMC involves more than a cursory mechanical review focused on the absence of wrongdoing. It entails a holistic assessment of an alien's behavior, adherence to societal norms, and positive contributions that affirmatively demonstrate good moral character," the policy memorandum, issued on August 15, read. The policy highlights that while certain offenses—such as murder, aggravated felonies, torture, or genocide—remain permanent and unconditional bars to naturalization, officials must now also assess evidence of rehabilitation and reformation in other cases. Read more: Trump's DOJ ramps up push to strip naturalized Americans of citizenship In fiscal 2024 (year ended Sept 30), 8.18 lakh foreign nationals acquired US citizenship. Mexicans led with as many as 1.07 lakh becoming American citizens (13% of the total), this was followed by Indians, with a little over 49,000 (or 6% of the total) acquiring US citizenship. Positive attributes and contributions such as sustained community involvement and contributions in the US; family caregiving, responsibility, and ties in the US; educational attainments; stable and lawful employment history and achievements; length of lawful residence in the US, compliance with tax obligations and financial responsibility in the US will carry greater weight. Read more: US tightens family immigration policy with stricter vetting and interview rules What are key features of the policy? As per the policy published by the USCIS, the officers must account for positive attributes and not simply the absence of misconduct. "In evaluating whether or not an alien has met the requirement of establishing GMC, the officer must take a holistic approach in evaluating whether or not an alien seeking naturalization has affirmatively established that he or she has met their burden of establishing that they are worthy of assuming the rights and responsibilities of United States Citizenship," according to the document. USCIS will place greater emphasis on the applicant's positive attributes and contributions in GMC determinations. These positive factors include, but are not limited to: • Sustained community involvement and contributions in the United States. • Family caregiving, responsibility, and ties in the United States. • Educational attainment. • Stable and lawful employment history and achievements. • Length of lawful residence in the United States. • Compliance with tax obligations and financial responsibility in the United States. Any hope for applicants with past 'wrongdoing'? However, there is a glimmer of hope for applicants with a record of past 'wrongdoing.' Under the new guidelines, USCIS officials will consider concrete evidence of rehabilitation—such as repayment of taxes, adherence to court-ordered conditions, or testimonials from community members. Such proof may still support a determination of good moral character, despite a negative history, as long as no permanent bar is in place.
Hindustan Times
6 minutes ago
- Hindustan Times
Who is Krishangi Meshram? Indian-origin law prodigy making solicitor history in England and Wales
Krishangi Meshram, an Indian-origin scholar, has scripted history yet again as the youngest solicitor in England and Wales in recent times. Meshram, only 21, has now added another accolade to her already extraordinary journey, according to a report published in Open University News. Krishangi Meshram is presently looking for job opportunities in the UK and the UAE.(Screengrab/Open University) According to OU News, Meshram earned the title when she was just 21 years old. The report added that her story was published in The Law Society Gazette. Also read: Will Hurricane Erin hit Florida? Storm intensifies concerns along the East Coast Who is Krishnagi Meshram? Tracing the scholar's academic journey Born in India and brought up in the Iskcon Mayapur community in West Bengal, Krishangi began her remarkable academic journey at just 17. Meshram, who presently is residing in the United Arab Emirates, enrolled in a law degree with The Open University a few years ago. By the age of 18, she graduated with a First Class Honors Degree in Law, making her the youngest ever OU Law graduate. Meshram's passion for law began during her third year of study at OU when she participated in practical law modules. It was then that she realized a legal career was not just an ambition, but her true calling. Krishangi told OU News she was grateful that she got the opportunity to begin her LLB studies early. She added that starting early helped her lay the foundation of her legal career while discovering a deep passion for law. Also read: Optical illusion: Can you spot the hidden parrot in 10 seconds? Only 1 in 20 people can Krishnagi Meshram's early career and ambitions After graduating in 2022, Krishangi landed a role with an international law firm. She has already worked in Singapore and is currently exploring opportunities in the UK and the UAE, according to her LinkedIn profile. Her legal interests extend to areas like fintech, blockchain, and AI law. Meshram has expressed a desire to specialize in legal services for businesses and private clients, OU News stated. Speaking to the varsity news portal, she had earlier said, 'My next step will be to finalise my specialism. I'm hoping to help businesses and private clients with vital legal matters such as wills and probate, while also keeping an eye on emerging digital technologies.' FAQs Who is Krishangi Meshram? Krishangi Meshram is a 21-year-old Indian-origin law graduate and now the youngest solicitor in England and Wales in recent times. Where is she from? She lives in the UAE but originally studied at an international school in India before joining The Open University in the UK. When did she start studying law? She began her OU degree at the age of 15 and graduated at 18 with a First Class Honours degree.
The Hindu
6 minutes ago
- The Hindu
New start: on the Alaska summit and the Ukraine war
The much-anticipated summit between U.S. President Donald Trump and his Russian counterpart Vladimir Putin in Anchorage, Alaska, did not yield a breakthrough on the Ukraine war but appeared to narrow the gaps between their positions on how to end the conflict. While Ukraine was the most contentious issue on the agenda, the summit was significant for several reasons. Relations between the world's two largest nuclear powers have been defined by hostility and mutual distrust. A stable, predictable relationship and the prospect of a new arms control pact — hinted at by Mr. Putin — are critical not just for stability in Eastern Europe but also for broader global stability. Yet, rebuilding Russo-American ties is inconceivable without peace in Ukraine. All sides in the Ukraine war publicly claim that they are committed to peace, but they differ sharply on how to achieve it. Ukraine and its European partners have called for an immediate ceasefire, a demand reiterated by Mr. Trump before meeting Mr. Putin. Russia has resisted calls for a ceasefire, insisting instead on a comprehensive peace agreement that addresses what Mr. Putin calls the conflict's 'root causes'. Mr. Trump appeared to endorse the Russian line when he said 'the best way to end the horrific war' is to go directly to a peace agreement. While the downside of the summit was its failure to deliver a breakthrough, the positive side is that it opened a diplomatic path that could lead to conflict resolution. Mr. Trump, who claimed that he and Mr. Putin agreed on 'many points', spoke with European, NATO and Ukrainian leaders after the meeting. Ukrainian President Volodymyr Zelenskyy is expected to visit the White House on Monday to discuss Mr. Putin's proposal. Mr. Trump also suggested that it is now 'up to Zelenskyy' to strike a deal with Russia, 'a very big power'. Russia has consistently made three core demands to end the war — recognition for the Ukrainian territories it has annexed and Ukraine's 'neutrality' and 'demilitarisation'. Post-summit reports suggest that Mr. Putin is open to freezing the war along the frontlines in the south (Zaporizhzhia and Kherson) provided Russia retains full control of Donbas (Donetsk and Luhansk). A settlement could also involve Russian withdrawal in the northeast (Kharkiv). Ukraine has so far said that it would not concede land for peace. The challenge before Mr. Trump is to sustain the talks aimed at narrowing the differences further to reach a workable compromise. While it makes perfect sense to end the war on practical terms, Mr. Trump should not impose an agreement on Kyiv. Peace would prevail in Eastern Europe only if Ukraine's security concerns are addressed and it is provided with credible assurances that Russia would not invade it again.
