500% tariffs on China? US warns Beijing over Russian oil
News500% tariffs on China? US warns Beijing over Russian oil
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India, October 16, 2025 (Thursday)
500% tariffs on China? US warns Beijing over Russian oil; calls it 'unreliable partner to the world' – The Times of IndiaEditionININUSEnglishEnglishहिन्दीमराठीಕನ್ನಡதமிழ்বাংলাമലയാളംతెలుగుગુજરાતીWeatherSign InTOITOI GamesLive VideosCityMetro CitiesmumbaidelhibengaluruHyderabadkolkatachennaiOther CitiesCityagraagartalaahmedabadajmeramaravatiamritsarbareillybhubaneswarbhopalchandigarhchhatrapati sambhajinagarcoimbatorecuttackdehradunerodefaridabadghaziabadgoagurgaonguwahatihubballiimphalindoreitanagarjaipurjammujamshedpurjodhpurkanpurkochikohimakolhapurkozhikodeludhianalucknowmaduraimangalurumeerutmumbai regionmysurunagpurnashiknavi mumbainoidapatnaprayagrajpuducherrypuneraipurrajkotranchithanesalemshillongshimlasrinagarsurattrichythiruvananthapuramudaipurvadodaravaranasivijayawadavisakhapatnamphotosWeb StoriesIndiafeaturedBihar Election 2025MaharashtraKarnatakaTelanganaWest BengalTamil NaduAndhra PradeshUttar PradeshGujaratRajasthanPunjabOdishaMadhya PradeshHaryanaTripuraUttarakhandBiharKeralaAssamArunachal PradeshManipurChhattisgarhJammu KashmirNagalandJharkhandMeghalayaHimachal
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the world’TOI Business Desk / TIMESOFINDIA.COM / Updated: Oct 16, 2025, 12:10 ISTShareAA+Text SizeSmallMediumLarge The United States has escalated its rhetoric against China on Wednesday, with treasury secretary Scott Bessent claiming that American Senators may back a staggering 500% tariff
on Chinese imports over trade with Russia. Speaking at a press conference, Bessent reported 85 US senators were ready to give US President Donald Trump the authority to impose the unprecedented duties.China under fire for Russian oil purchasesBessent criticised Beijing
for purchasing Russian energy, claiming such imports were fuelling what he described as the “Russian war machines.”Trump Aide Angers China, Shoots 'Tit-For-Tat' Warning As Tariff War Snowballs | 'Brute-force If…'“It is the purchase of Russian oil by China that fuels
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the Russian war machines. China buys 60%, six zero per cent, of Russian energy. However, They buy 90% of Iranian energy,” he reported.The treasury secretary’s comments come amid repeated US warnings to China and India over continuing purchases of Russian
oil. Rare earth export restrictions spark ireBeyond energy concerns, Bessent condemned China’s new export controls on rare earths, accusing the country of being “an unreliable partner to the world.” He criticised restrictions that block foreign militaries from using rare earth
materials and warned that Washington would not be dictated by Beijing’s policies.“Make no mistake, this is China vs the world. They’ve put these unacceptable export controls on the entire world,” Bessent reported.Trump-Xi meeting still on the cardsDespite the stern warnings,
Bessent reaffirmed that talks between US and Chinese leaders were still planned. Trump is expected to meet Chinese officials in South Korea later this month.“As the president reported, ‘We want to help China, not hurt it’… ultimately, we are confident
in the strong relationship between President Trump and President Xi,” Bessent added.About the AuthorTOI Business DeskThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the
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world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports
and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the
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