More tariffs on India if Trump-Putin talks fail
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President Donald Trump is set to travel to Alaska to meet Russian President Vladimir Putin as he seeks negotiations to end Russia's war against Ukraine, threatening more tariffs on Russian energy if ceasefire talks falter.
President Donald Trump signalled the US may avoid secondary tariffs on countries like India buying Russian crude, though a 50% tariff package including oil imports is set to begin from August 27.
Scott Bessent described America's reciprocal tariffs as a "melting ice cube," suggesting they could be reduced or eliminated altogether.