US-China trade talks threaten to explode over Russia oil

The United States has issued a stern warning to China, urging it to cease its purchases of oil and gas from Russia and threatening to impose secondary sanctions, including potential 100% tariffs. This development follows recent trade agreements between the US, the European Union, and Japan, which set tariffs at 15%. US Treasury Secretary Scott Bessent conveyed Washington’s dissatisfaction during meetings in Stockholm with Chinese Vice Premier He Lifeng, emphasizing concerns over China’s continued acquisition of sanctioned Russian and Iranian oil. Bessent also criticized China’s sale of over $15 billion in dual-use technology to Russia, which reportedly supports Moscow’s military efforts in Ukraine. Chinese officials responded by asserting their sovereignty and internal energy policies, stating that oil purchases are based on national interests. The US-China 90-day tariff truce, set to expire on August 12, remains unresolved, with President Donald Trump poised to decide on its extension or the reimposition of tariffs. Meanwhile, Trump has set a 10-12 day deadline for Russia to end the Ukraine conflict, threatening severe consequences, including tariffs on Russian goods and those from countries purchasing Russian oil. Chinese commentators argue that US pressure will not sever China’s ties with Russia and Iran, emphasizing the strategic importance of these relationships. The global spotlight now focuses on whether China will distance itself from Russia to avoid US tariffs.