Why no extra tariffs? US Secretary Marco Rubio defends US sparing China, Europe over buying Russian oil; warns sanctions risk global price surge
US State Secretary Marco Rubio has warned of potential energy price hikes if the US imposes secondary sanctions on China for processing Russian oil. This comes amid concerns over the US’s approach, with tariffs on India for similar purchases. Rubio highlighted that China refines Russian oil and sells it globally, impacting prices.🕒 1 min read
US State Secretary Marco Rubio has warned of potential energy price hikes if the US imposes secondary sanctions on China for processing Russian oil. This comes amid concerns over the US’s approach, with tariffs on India for similar purchases. Rubio highlighted that China refines Russian oil and sells it globally, impacting prices.
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