Donald Trump, Europe
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In an effort to end Russia’s war in Ukraine, the US president proposes tariffs targeting Putin’s major trading partners.
Later on Tuesday, Trump suggested that the U.S. could in fact boost trade with India, writing in an evening social media post that the U.S. and India are working to address trade barriers between the nations. He added that he was looking forward to speaking with Indian Prime Minister Narendra Modi.
The EU should target China and India with trade sanctions to force them to stop buying the oil funding Russia's war on Ukraine, according to President Trump.
China and India are major buyers of Russian oil, which helps to keep the country's economy and war machine afloat. Last month, the US imposed a 50% tariff on goods from India, which included a 25% penalty for its transactions with Russia.
US President Donald Trump has reportedly urged the European Union to impose 100% tariffs on countries like India and China for their Russian oil purchases, but the EU may not go ahead with the move.According to a Reuters report quoting EU sources,
As US pushes EU to impose sanctions on Russia over the Ukraine war, Kyiv on Sunday escalated its attacks on Russian energy, striking the Kirishi refinery, one of the country's largest oil facilities.,
Donald Trump's request for 100% tariffs on China is unlikely to gather the necessary support among European Union countries. #EuropeNews
In a Truth Social post on Monday, Trump said US companies should be able to report earnings every six months, not every 3, as currently required.