Washington DC, Aug. 7 -- US President Donald Trump has indicated that China could face secondary sanctions or additional tariffs for buying Russian Oil. On Wednesday (local time), the US President had hit India with additional tariffs of 25% specifically tied to the purchase of Russian Oil.

At a news conference in the White House, the US President was asked if similar secondary sanction would apply to China given that the Chinese are the largest buyers of Russian Crude Oil. The President replied saying, "It may happen, I don't know, I can't tell you yet, we did it with India and we are doing it probably with a couple of others, one of them could be China."

According to data by the Centre for Research on Energy and Clean Air (CERA) for J...