July 15, 2025
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5:00Now PlayingIf President Trump moves ahead with his plan, it would lead to secondary tariffs on countries still buying Russian oil — hitting top buyers China and India the hardest.
Russia's economy has so far been resilient despite western sanctions. Analysts say these secondary tariffs could cut deep into Moscow's oil revenue, which helps finance its war in Ukraine. The goal is to ultimately pressure other countries to stop trading with Russia.
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