US Threatens 500% Tariffs on China Over Russian Oil Purchases
The United States has issued a stark warning to China, with Treasury Secretary Scott Bessent revealing that American senators may support imposing 500% tariffs on Chinese imports due to Beijing’s trade with Russia.
Key Takeaways
- US considers 500% tariffs on Chinese goods over Russia trade
- China accused of fueling “Russian war machine” through oil purchases
- 85 senators reportedly ready to grant Trump tariff authority
- China labeled “unreliable partner” over rare earth export controls
- Trump-Xi meeting still planned despite tensions
Energy Purchases Under Fire
Treasury Secretary Scott Bessent strongly criticized China for purchasing Russian energy, stating these imports are directly supporting Russia’s military operations.
“It is the purchase of Russian oil by China that fuels the Russian war machines. China buys 60%, six zero per cent, of Russian energy.They buy 90% of Iranian energy,” he said.
The comments represent the latest in a series of US warnings to both China and India regarding their continued purchases of Russian oil.
Rare Earth Export Controls Condemned
Beyond energy concerns, Bessent condemned China’s new export restrictions on rare earth materials, directly accusing the country of being “an unreliable partner to the world.”
He specifically criticized measures that prevent foreign militaries from accessing rare earth materials and emphasized that Washington would not accept Beijing dictating policy terms.
“Make no mistake, this is China vs the world. They’ve put these unacceptable export controls on the entire world,” Bessent said.
Diplomatic Channels Remain Open
Despite the escalating rhetoric, Bessent confirmed that planned talks between US and Chinese leaders would proceed as scheduled.
President Trump is expected to meet with Chinese officials in South Korea later this month, suggesting diplomatic efforts continue alongside the trade tensions.
“As the president said, ‘We want to help China, not hurt it’… ultimately, we are confident in the strong relationship between President Trump and President Xi,” Bessent added.
