U.S. President Donald Trump has urged European Union officials to levy tariffs of up to 100% on China and India as part of a strategy to pressure Russian President Vladimir Putin, Reuters reported on Tuesday, citing a U.S. official and an EU diplomat.
Trump made the request during a conference call with EU sanctions envoy David O'Sullivan and other officials, according to the report. Washington signaled it would impose similar duties if Brussels joined the effort, the report said.
Both China and India are major buyers of Russian crude and remain key to keeping Moscow's economy afloat as the war in Ukraine drags on. The EU has so far favored sanctions over tariffs in its approach to Russia, Reuters noted.
However, later on Tuesday, Trump said in a social media post that trade negotiations with India were ongoing, and that he would speak with Prime Minister Narendra Modi in the coming weeks.
Source: Investing.com
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