Brief by Shorts91 Newsdesk / 03:40am on 11 Sep 2025,Thursday Business
The European Union is unlikely to impose steep tariffs on India and China despite President Trump's pressure during Washington talks this week. Trump urged 100% tariffs on both nations to squeeze Russia's energy revenues by targeting major Russian oil buyers. EU sources explained that unlike sanctions, tariffs require formal investigations lasting months to establish legal basis. The EU has already tightened Russia sanctions, adding Chinese banks and an Indian refinery in July, but considers sweeping tariffs a separate, higher threshold matter. Brussels is negotiating a trade agreement with New Delhi and won't jeopardize it. Officials warn broad tariffs are risky and overly blunt compared to targeted entity listings. (PC: Mint & News 18)
