U.S. President Donald Trump has initiated discussions with European Union countries regarding the implementation of extremely high import tariffs on products from China and India. This move, as he envisions, is intended to serve as a pressure tool on Beijing and Delhi to reduce or completely cease the purchase of energy resources from the Russian Federation.
This is reported by Finway
The Goal of Trump’s Tariff Initiative
As President Trump noted, similar tariffs are planned to be introduced in the U.S. following the EU’s decision. This involves the possibility of establishing a 100% tariff on goods from both countries. This initiative was announced during a phone call with the EU delegation, which is in Washington for negotiations with senior White House officials regarding further sanctions.
“The obvious approach is the necessity of imposing striking tariffs and maintaining them until the Chinese stop buying oil.”
Reaction from the International Community and Next Steps
Ukrainian Prime Minister Yulia Svyrydenko participated in the negotiations. She urged international partners to take decisive action to limit Russia’s access to resources used to finance the war.
At the end of August, Trump had already raised the import tariff on Indian goods to 50% due to Delhi’s unwillingness to reduce the volume of Russian oil purchases. Meanwhile, most Chinese goods are currently subject to 30% tariffs, and the previously planned increase of the tariff to 145% has been postponed while negotiations with China continue.