REFILE-Trump is using tariffs as foreign policy instrument, Bessent says
ReutersAug 7, 2025 10:31 PM
Aug 7 (Reuters) - U.S. President Donald Trump is using tariffs as a foreign policy tool by imposing secondary duties on Indian goods because of India's purchase of Russian oil, Treasury Secretary Scott Bessent said in an interview with Fox News on Thursday.
"President Trump is using tariffs as an instrument of foreign policy, and he is putting secondary tariffs on India for buying Russian oil," Bessent told Fox News' "Special Report with Bret Baier" program.
Asked if the U.S. could slap additional tariffs on Chinese goods over Beijing's purchase of Russian oil, Bessent said Trump is keeping all options open to stop the war in Ukraine and "China tariffs could be on the table at some point."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Investing in Clean Energy
TradingKey - Not so long ago, clean energy was relegated to a niche, a corner for subsidies, early markets, and greens. Now it's at the center of global economic thought. Governments, business, and consumers are driving a structural transformation from fossil fuels to renewables. The roofs are toppeTradingKey
9 hours ago
Investing in Luxury & Experiential Consumption
Niche assets like data centers, logistics, healthcare, and cold storage thrive on structural drivers, not traditional property cycles Specialized real estate benefits from secular trends like digitalization, demographics, and supply chain innovation, making demand resilient and less cycle-sensitiveTradingKey
11 hours ago
Oracle’s FY2026 Q1 Preview: Will OpenAI Contract Spark a Broadcom-Like Stock Surge?
TradingKey - As analysts raise targets and expectations, could Oracle’s stock replicate the post-earnings rally seen at Broadcom following its OpenAI-related contract announcement?TradingKey
Tue, Sep 9
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?
TradingKey - On 11 September 2025, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI. As a result, headline CPI year-over-year may climb to 2.9%, up from 2.7%TradingKey
Tue, Sep 9
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.TradingKey
Mon, Sep 8
Tradingkey
