US Warns India Of Higher, Secondary Tariffs If Trump-Putin Alaska Talks Fail

The US Treasury Secretary has warned that the Donald Trump administration could impose additional tariffs on India if New Delhi does not stop buying oil from Russia.

While speaking to Bloomberg TV on Wednesday, US Treasury Secretary Scott Bessent urged European nations and other countries to join the US to impose higher tariffs on China and other nations that buy Russian energy.

He said sanctions “can go up" or “can be loosened" depending on the outcome of a meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska on Friday.