“The U.S. officials also informed the Chinese of a bill moving through Congress that would authorize the president to impose tariffs of up to 500% on nations that import Russian oil, saying that they believed other nations would follow suit. “We explained the nature of the bill to them and told them that we thought that if it passed in the Senate, that the rest of the G7 or the entire EU would likely join us in the secondary tariffs,” Bessent said.”
Fantasy.
Putin has 10 days to stop the Trump sanctions.
Do this, and don’t be surprised when China talks about no more export of rare earth minerals to the United States, pharmaceutical drugs, solar panels, etc. Just as a thought exercise and I wonder what percentage of the world is under American sanctions now?