G7 needs to be given clear warning by BRICS on any intended tariff increases

The primary goal of such a move is to attempt to bring Russia to the negotiating table with Ukraine

Financial Times has reported that the United States plans to pressure the Group of Seven countries to impose significantly higher tariffs on India and China for purchasing Russian oil.

According to them, the primary goal of such a move is to attempt to bring Russia to the negotiating table with Ukraine.

This call is expected to be formally articulated on September 12 during a virtual meeting of finance ministers from the informal group of the UK, Germany, Italy, Canada, the US, France, and Japan.

“Earlier this week, we made it clear to our EU allies that if they are serious about ending the war in their own backyard, they need to join us and impose meaningful tariffs that will be rescinded the day the war ends,” a US Treasury Department representative added.

On September 9, the Financial Times reported that Trump had urged the EU to increase tariffs against China and India to 100% to intensify pressure on Russia.

Earlier, the publication stated that the EU was discussing the possibility of imposing sanctions against China and third countries for purchasing Russian oil and gas.

Well both China and India must tick off G7 through BRICS that enough is enough. Any idiotic move by G7 should not be tolerated and in case they wish to follow Trump’s dictates then BRICS must retaliate.

One option will be to sanction allG7 countries with double the tariff or just CUT OFF all trade ties whatsoever. Let’s see which block gets isolated.