Trump urges G7 to slap 100% tariff on Russian oil bought by India and China

New York (The Uttam Hindu): The United States has taken a fresh step to increase economic pressure on Russia. According to a report by the Financial Times, U.S. President Donald Trump has urged G7 nations to impose import tariffs ranging between 50% and 100% on Russian oil purchased by India and China.

After EU, Trump now tells G7 countries to impose 100% tariff on India and China: Finance ministers of the G7 are expected to discuss this proposal during a virtual meeting on Friday. A spokesperson for the U.S. Treasury Department said that the oil trade with India and China is providing financial support to Russian President Vladimir Putin’s war strategy. “As soon as the war ends, these tariffs will be lifted,” the spokesperson added.

The U.S. considers this initiative a significant move under its “Peace and Prosperity Administration”, aimed at compelling Russia to come to the negotiating table. Earlier, President Trump had made a similar appeal to the European Union (EU), asking it to impose tariffs on India and China. However, Brussels has shown reluctance, warning that such measures could trigger economic tensions and retaliation from major trading partners.

EU officials remain committed to ending dependence on Russian energy by 2027 and prefer pursuing additional sanctions instead. Meanwhile, Canada, which currently holds the G7 presidency, confirmed the upcoming meeting and said it will consider “further steps” to increase pressure on Russia’s war machinery.