India is just profiteering: Top US official on why China isn't tariffed over Russian oil
US Treasury Secretary Scott Bessent defended tariffs on India for purchasing Russian oil but not on China, saying, "Pre-invasion, 13% of China's oil was already...from Russia...now it's 16%. So, China has a diversified import of their oil." Claiming that India's Russian oil import went from 1% to 42%, he added, "India is just profiteering...Indian arbitrage of Russian oil is unacceptable."