Finance ministers from the Group of Seven (G7), including the United States, Britain, France, Germany, Japan, Italy and Canada, held a video conference on Sept. 12 to discuss a U.S. call to impose “meaningful tariffs” on China and India for purchasing Russian oil, in an attempt to pressure Russia to end its war against Ukraine.
The ministers also met to weigh in on further sanctions on Russia and a possible tariff increase on countries “enabling” Russian’s war against Ukraine, according to a statement by Bessent and U.S. Trade Representative Jamieson Greer.
The Trump administration earlier in the week urged the European Union to impose tariffs of up to 100 percent on China and India, before extending the call to G7 and NATO allies….
US Calls on G7 to Impose ‘Meaningful’ Tariffs on China, India Over Russian Oil Purchases
