https://www.taxtmi.com/news?id=52552 US Treasury commentary describes the administration's use of secondary tariffs as a contingent instrument: existing duties were imposed on the targeted country, including a tariff applied to purchases of Russian oil, and officials warned these measures could be increased depending on the progress of bilateral diplomatic talks. The statement frames tariffs as flexible tools that can be raised, relaxed, time limited, or maintained indefinitely and stresses the need for allied coordination to amplify enforcement, while the targeted country asserts it will safeguard national interests and economic security. en-us Thu, 14 Aug 2025 18:16:03 +0530 Thu, 14 Aug 2025 18:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52552 US Treasury commentary describes the administration's use of secondary tariffs as a contingent instrument: existing duties were imposed on the targeted country, including a tariff applied to purchases of Russian oil, and officials warned these measures could be increased depending on the progress of bilateral diplomatic talks. The statement frames tariffs as flexible tools that can be raised, relaxed, time limited, or maintained indefinitely and stresses the need for allied coordination to amplify enforcement, while the targeted country asserts it will safeguard national interests and economic security. News - Thu, 14 Aug 2025 18:16:03 +0530 https://www.taxtmi.com/news?id=52552