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New York, Aug 11 (PTI) US President Donald Trump has not yet decided on imposing levies on China for purchasing oil from Russia, as Washington’s ties with Beijing “affect many things that have nothing to do with the Russian situation", Vice President J D Vance has said.
“Well, the President said he's thinking about it, but he hasn't made any firm decisions," Vance told Fox News Sunday.
He was responding to a question about Trump imposing significant tariffs on countries like India for buying Russian oil and whether Washington will impose similar levies on China since Beijing also buys Russian oil.
"Obviously the China issue is a little bit more complicated because our relationship with China, it affects a lot of other things that have nothing to do with the Russian situation," Vance said. He added that Trump is "reviewing his options, and of course, going to make that decision when he decides.” The US had initially imposed 25 per cent reciprocal tariffs on India and Trump last week slapped another 25 per cent levies on Delhi for its purchases of Russian oil, bringing the total duties on India to 50 per cent, among the highest imposed by the US on any country in the world.
The additional 25 per cent duty will come into effect from August 27.
India slammed the move as "unfair, unjustified and unreasonable".
"It is extremely unfortunate that the US should choose to impose additional tariffs on India," the external affairs ministry said in a statement in Delhi, adding that India will take all actions necessary to protect its national interests. PTI YAS GRS GRS GRS
Tariff policy uncertainty over oil purchases could extend to China as reciprocal levies are reviewed, affecting bilateral trade. The executive has used reciprocal tariffs as a policy response to foreign purchases of Russian oil, increasing duties on one purchaser with a set implementation date, while the imposition of comparable levies on another major buyer remains under active review because broader bilateral relations affect that determination.Press 'Enter' after typing page number.