Trump Says He’s Readying More Tariffs on Russian Energy Buyers

A worker inspects a gas collection point of the Kasimovskoye underground gas storage facility, operated by Gazprom PJSC, in Kasimov, Russia.

Source: Bloomberg

President Donald Trump suggested he would impose increased tariffs on additional countries buying energy from Russia — including China — after saying earlier Tuesday that he would raise levies on Indian exports within 24 hours.

“We’ll be doing quite a bit of that,” Trump said when asked if he would follow through on a previous threat to impose tariffs on additional countries, including China. “We’ll see what happens over the next fairly short period of time.”