Bessent says US won’t impose tariffs on China for buying Russian oil unless Europe does

Comments from an interview with Reuters

• European countries ‘need to do their share’
• US willing to consider stronger sanctions on Russia
• China-US talks could result in another 90-rollover of tariff truce
• Chinese negotiators realize they have 3.5 years to de-risk US trade relationship to avoid a decoupling
• China initially demanded ‘compensation’ for TikTok sale through tariff, export control concessions

I just don’t see the momentum to get further Russian oil sanctions. WTI crude is up 70-cents to $63.39 today but is languishing near the lows of the range.

This article was written by Adam Button at investinglive.com.