U.S. Treasury Secretary Says Tax Increases Will Be Imposed on Countries That Purchase Russian Oil, China Opposes Unilateral Sanctions

U.S. Treasury Secretary Bowman said that he "explained" to China about the U.S. plan to impose tariffs on countries purchasing Russian oil.

On the 29th, U.S. Treasury Secretary Bowman and U.S. Trade Representative Grille attended a press conference after the U.S.-China economic and trade talks. Regarding the issue of the U.S. imposing tariffs on countries purchasing Russian oil, Bowman replied: "We have explained this. It is not just the president's personal position, but a bill being advanced in the U.S. Senate that authorizes the president to impose secondary tariffs of up to 500% on Russian oil under sanctions. The president mentioned 100%. Several European partners, NATO allies, and even Canada have indicated they will follow suit. We expect most Western allies supporting Ukraine to take similar measures as well. Therefore, any country purchasing sanctioned Russian oil should be prepared."

The Chinese Foreign Ministry previously stated that China's position on the Ukraine crisis has always been consistent and clear. Dialogue and negotiation are the only viable way to resolve the Ukraine crisis. China firmly opposes any illegal unilateral sanctions and "long-arm jurisdiction." A tariff war has no winners, and coercion and pressure cannot solve the problem.

Original article: https://www.toutiao.com/article/1839042532349963/

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