Trump pushing EU to slap 100% tariffs on China, India, reports say
Summary
Former U.S. President Donald Trump has asked the European Union to impose 100% tariffs on China and India as a way to pressure Russia amid its war in Ukraine. Reports indicate Trump suggested the tariffs during a meeting with U.S. and EU officials, stating the U.S. would increase its tariffs if Europe joined in. The initiative aims to reduce the financial flow to Russia, stemming from exports to countries buying Russian oil.Key Facts
- Donald Trump called for 100% tariffs on China and India, linked to their Russian oil purchases.
- Trump made this request during a meeting with U.S. and EU officials.
- Media outlets, including The Financial Times and Reuters, confirmed the proposal.
- Trump has already raised tariffs on Indian imports to 50%.
- He plans to continue trade negotiations with Indian Prime Minister Narendra Modi.
- Trump has not yet targeted China with tariffs related to oil purchases from Russia.
- Trump expressed frustration with the lack of progress towards peace in Ukraine.
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