Increasing duties in Chinese products will be suspended by US President Donald Trump Due to the Russian purchases oil From the country, citing the progress that, he said, was achieved yesterday (15.8.2025) with Vladimir Putin for the end of the war in Ukraine.
“Because of yesterday’s developments, I think I don’t need to think about it,” Donald Trump said in an interview with Fox News with Sean Hanti after meeting with Vladimir Putin. “Now, I may have to think about it in two or three weeks, but we don’t have to think about it right now.” Earlier this month, Trump threatened Russian buyers with additional duties as a means of pressure on Putin for peace talks with Ukraine. The US president has already doubled duties on Indian products at 50% from August 27, due to Moscow oil markets.
However, the increase in duties in China would endanger the trade truce that Trump agreed to extend for another 90 days. The deal has led Washington and Beijing to reduce duties on the other side’s products, which had reached astronomical levels in spring, causing turbulence in world markets.