Why no extra tariffs? US Secretary Marco Rubio defends US sparing China, Europe over buying Russian oil; warns sanctions risk global price surge
Monday, 18 August 2025 () US State Secretary Marco Rubio has warned of potential energy price hikes if the US imposes secondary sanctions on China for processing Russian oil. This comes amid concerns over the US's approach, with tariffs on India for similar purchases. Rubio highlighted that China refines Russian oil and sells it globally, impacting prices.
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US Secretary of State Marco Rubio has clarified why Washington has refrained from imposing secondary sanctions on China, Russia’s largest oil buyer, even as... Zee News