Trump Threatens Buyers of Russian Oil with "Massive" New Tariffs

U.S. President Donald Trump says he is preparing "great legislation" that would allow his administration to impose rapid tariff increases on countries that buy Russian oil. The proposed law, according to Trump, is designed to put pressure on Moscow. The goal is to cut the oil revenues that fund Russia's war in Ukraine. The announcement signals a potential major shift in global energy trade policy. If enacted, nations purchasing Russian petroleum could face sudden and significant new U.S. import taxes. Trump did not provide a timeline for the legislation or specify which countries might be targeted. The plan would likely require approval from the U.S. Congress.