US Urges G7 to Tariff India, China Over Russian Oil Purchases

The United States is pressing its G7 allies to adopt new tariffs on countries buying Russian crude, specifically India and China. During a call chaired by Canadian Finance Minister Francois-Philippe Champagne, G7 finance ministers discussed stronger sanctions and trade measures aimed at cutting Moscow’s revenue streams.

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Trump Targets India

President Donald Trump has imposed an additional 25% tariff on imports from India, effectively doubling punitive duties to 50%. The move is meant to pressure New Delhi to scale back its purchases of Russian oil. Analysts say the decision risks souring U.S.-India trade relations amid ongoing negotiations.

China Spared Additional Tariffs

Despite Washington’s strong rhetoric, the Trump administration has avoided slapping new tariffs on China for its Russian oil imports. Officials cite a fragile trade truce with Beijing, as well as ongoing talks with Vice Premier He Lifeng on trade, TikTok’s U.S. operations, and anti-money laundering issues.

G7 Ministers Weigh Options

According to Canada’s statement, the ministers also debated using frozen Russian assets to support Ukraine’s defense and increasing sanctions pressure. U.S. Treasury Secretary Scott Bessent emphasized the need for a “unified effort” to choke off Putin’s war funding.

Trump’s Warning to Putin

In a Fox News interview, Trump said his patience with Vladimir Putin was running out. While stopping short of announcing new sanctions, he hinted at stronger measures, including banking and oil restrictions, but stressed that European nations must also step up.

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