‘Impose 100% tariff on India-China’, now America told G7 after EU

New Delhi. America has played a new bet on its allies to increase economic pressure on Russia. According to the Financial Times report, President Donald Trump wants G7 countries to impose heavy tariffs ranging from 50 to 100 percent on Russian oil purchases from India and China.

The finance ministers of the G7 countries will meet via video call on Friday to discuss this proposal. Trump has earlier appealed to the European Union to impose tariffs of up to 100 percent on Beijing and New Delhi.

A US Treasury spokesperson said, “Russian oil purchased by China and India is running Putin’s war machine and prolonging the killing of the Ukrainian people. These tariffs will be removed as soon as the war is over.”

The US is calling it an important part of its “Peace and Prosperity Administration”, under which efforts are being made to bring Russia to the table for peace talks.

This appeal was made to the EU
Earlier, Trump had appealed to the European Union (EU) to impose tariffs up to 100% on India and China. Trump says that doing so will increase economic pressure on Russian President Vladimir Putin. A US official confirmed this and said that the US will take this step only if its European partners support it. The purpose of this step is to prevent India and China from buying Russian oil, so that the economic support Russia gets for the war can be curbed.

Concerns of the European Union
However, the European Union (EU) does not seem to agree with this. Brussels believes that heavy tariffs on major trading partners like India and China pose both economic risks and retaliation. The EU is instead in favor of ending its dependence on Russian energy by 2027 and imposing new tough sanctions.

Canada, which currently holds the G7 presidency, confirmed the meeting, saying it would consider taking “further steps” to increase further pressure on Russia’s war capabilities.