US threatens 100% secondary tariffs: The next round of US-China trade negotiations may involve China purchasing Russian and Iranian oil
US Treasury Secretary Scott Bensons said on Monday that the next round of US-China trade negotiations may involve China purchasing Russian and Iranian oil, which would shift the focus of the US-China trade negotiations to national security issues.
President Trump this year imposed new tariffs on allies and competitors, and Washington and Beijing quickly raised tariffs on each other's goods in April, escalating the trade war in a tit-for-tat manner.
However, after high-level meetings in Geneva and London, the world's two largest economies temporarily reduced tariff levels, with a deadline of mid-August, while continuing negotiations.
"I think the trade situation is good," Bensons said in an interview with CNBC. "I think we can now start talking about other things."
Trump's dissatisfaction with Russian President Putin has been growing, and last week he issued a 50-day ultimatum to the Russian leader, demanding a peace agreement with Ukraine, otherwise facing massive economic sanctions.
Bensons said that unfortunately, China is a major buyer of sanctioned Iranian and Russian oil. So we can start discussing this issue.
As the world's second-largest economy, China has always been a vital lifeline for Iran, which has suffered heavy international sanctions. China is also a major buyer of Russian energy.
Bensons threatened on Monday that the US will take action against countries that purchase Russian oil, and pointed out that the US is implementing a strategy that "any country purchasing oil from sanctioned Russia will be subject to a secondary tariff of up to 100%."
AFP said that Washington may impose heavy taxes on countries that purchase Russian energy exports.
Original: https://www.toutiao.com/article/1838305470849098/
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