U.S. Treasury Secretary Yellen Warns China of 100% Tariff for Continuing Russian Oil Purchases
U.S. Treasury Secretary Janet Yellen has warned China that it may face a 100% tariff if it continues to purchase oil from Russia. This measure is part of the U.S. effort to reduce Russia's economic gains following the Ukraine conflict.
During her visit, Yellen emphasized that such actions are intended to pressure China into complying with international sanctions and hopes to encourage the Chinese government to reconsider its energy procurement strategies.
