🚹 MAJOR BREAKING: U.S. Weighs 500% Tariffs on China Over Russian Oil Imports! đŸ”„

#BREAKING #Trump

In a dramatic turn, 85 U.S. senators are backing a proposal to give President Trump authority to impose tariffs of up to 500% on China, citing Beijing’s continued purchase of Russian oil as the key trigger.

At a press briefing, Treasury Secretary Bessent stated:

> “China’s purchase of Russian oil fuels the Kremlin’s war efforts. Beijing now buys 60% of Russia’s energy and 90% of Iran’s.”

He also criticized China’s rare earth export restrictions, calling the country an “unreliable global partner.”

President Trump took a more measured stance on Truth Social, saying:

> “The U.S. wants to help China, not harm it. President Xi doesn’t want a depression — and neither do I.”

Beijing swiftly responded, condemning the move as a “textbook case of U.S. double standards.”

Meanwhile, Vice President JD Vance urged China to “choose the path of reason,” warning that America holds the stronger hand in this standoff.

Trump later sought to calm tensions, assuring supporters:

> “Don’t worry about China — it’ll be fine. President Xi just had a bad day.”

⚡ Markets remain tense as traders await official updates amid escalating U.S.–China trade friction.

#PowellRemarks #FedRateCutExpectations #BinanceHODLerYB #BinanceHODLerENSO

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