U.S. Warns China Over Russian Oil Purchases

U.S. Treasury Secretary Scott Bessent warned Chinese officials about potential high tariffs on Russian oil due to U.S. secondary tariff legislation. The warning came after bilateral talks in Stockholm between the world's two largest economies regarding China's ongoing transactions involving sanctioned Russian oil.

U.S. Treasury Secretary Scott Bessent has issued a stark warning to China regarding its continued purchases of Russian oil, which are subject to U.S. secondary tariff legislation.

Bessent highlighted the possibility of high U.S. tariffs on China if it persists with these transactions.

The announcement followed two days of high-profile bilateral talks in Stockholm, focusing on economic dealings between the world's two largest economies.

(With inputs from agencies.)