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Trump May Delay Tariffs on Russian Oil Buyers
U.S. President Donald Trump said he does not currently plan to impose retaliatory tariffs on countries like China for purchasing Russian oil, though he may revisit the issue in “two or three weeks.” The comment followed a summit with Russian President Vladimir Putin in Anchorage, Alaska, where Trump described the meeting as positive overall. While pressing talks to end the Ukraine war yielded no breakthrough, Trump suggested the summit had reduced the need for immediate punitive actions.
No Immediate Tariffs, But Watch This Space
Trump emphasized that because of the summit’s developments, there is no need to consider tariffs right now. However, he indicated that action could be taken in two or three weeks. India, a major buyer of Russian oil, is already facing steep tariffs—possibly as high as 50 percent—while China has so far been spared from additional measures.
Summit Offers No Ceasefire but Political Cover
The Alaska summit between Trump and Putin did not result in any ceasefire deal or new policy agreement, though both leaders framed the discussions as productive. Trump’s decision to hold off on tariffs is seen more as a temporary pause than a change in his long-term approach.
