HomeBlogUncategorizedBessent says US won’t impose tariffs on China for buying Russian oil unless Europe does

Bessent says US won’t impose tariffs on China for buying Russian oil unless Europe does

Comments from an interview with Reuters

European countries ‘need to do their share’US willing to consider stronger sanctions on RussiaChina-US talks could result in another 90-rollover of tariff truceChinese negotiators realize they have 3.5 years to de-risk US trade relationship to avoid a decouplingChina initially demanded ‘compensation’ for TikTok sale through tariff, export control concessions

I just don’t see the momentum to get further Russian oil sanctions. WTI crude is up 70-cents to $63.39 today but is languishing near the lows of the range.

This article was written by Adam Button at investinglive.com.


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