New Delhi, Oct. 15 -- US Treasury Secretary Bessent announced on Wednesday (October 15) that 85 US senators are willing to grant President Donald Trump the authority to impose tariffs of up to 500% on China for purchases of Russian oil

Bessent said, "85 US senators are willing to give President Trump the authority to put up to 500% tariffs on China for the purchase of Russian oil."

The proposed tariffs, if implemented, would represent an unprecedented escalation in US-China trade relations, with potential implications for global oil markets and international trade. And, such extreme measures could trigger retaliatory tariffs from Beijing and disrupt already fragile supply chains.

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