Trump hints at no extra levy on India for Russian oil buy

  • Posted on August 16, 2025
  • By Business News Today
  • 3 Views
Trump hints at no extra levy on India for Russian oil buy

President Trump hinted the US might forgo secondary tariffs on nations, including India, still buying Russian oil, despite concerns such tariffs could severely impact them. He acknowledged India's reduced oil purchases from Russia, while noting China's continued significant intake. Treasury Secretary Bessent previously suggested secondary sanctions were possible if the Trump-Putin summit yielded unfavourable results.
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