1. China rejects US 'long-arm jurisdiction' over tariffs tied to Russian oil purchases

China rejects US 'long-arm jurisdiction' over tariffs tied to Russian oil purchases

World

  • China rejected on Thursday the US's authority to impose tariffs on countries buying Russian oil and gas.
  • The US House passed the Sanctioning Russia and Iran Act 2026 on Wednesday, in a 262-159 vote, targeting India and China.
  • China's opposition comes ahead of President Xi Jinping's planned US visit for a summit on 24-25 September.
  • Separately, China's Commerce Ministry said talks were underway with the US on a reciprocal tariff reduction framework.

Source: ndtvprofit.com

Get 100 stories a day on the app Read, watch & listen · Free on iOS & Android

Newer

Older