The U.S. has urged its G7 and EU allies to join in targeting China and India with tariffs for buying Russian oil, even as President Donald Trump’s trade war policies fuel a historic surge in U.S. tariff revenues.
Washington Calls For Coordinated Action
Finance ministers from the Group of Seven nations held a call on Friday to discuss new ways to increase pressure on Moscow to end its war in Ukraine, reported Reuters.
Canadian Finance Minister Francois-Philippe Champagne, who chaired the session, said ministers agreed to accelerate talks on using frozen Russian assets to support Ukraine’s defense.
U.S. Treasury Secretary Scott Bessent pressed counterparts to impose tariffs on nations enabling Russia’s war effort through energy purchases
In a joint statement with U.S. Trade Representative Jamieson Greer, Bessent stressed, “Only …