Bessent warns China on Russian oil purchases that could bring 100% tariffs
U.S. Treasury Secretary Scott Bessent warned Chinese officials that continued purchases of sanctioned Russian oil could lead to significant tariffs due to new Congressional legislation, but China insisted on protecting its energy sovereignty. He also expressed U.S. concerns about China's Iranian oil purchases and dual-use technology sales to Russia, noting these actions could hurt China's trade relations with Europe. Want More Context? 🔎
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