Trump adviser Navarro signals caution on further China tariffs over Russian oil | investingLive

White House trade adviser Peter Navarro said the U.S. is not rushing to impose additional tariffs on China over its purchases of Russian oil, despite having just raised duties on Indian imports for the same reason.

Responding to questions about whether Beijing would face secondary tariffs similar to those announced for India, Navarro noted that China is already subject to a 50% tariff on many goods. “We don’t want to get to a point where we actually hurt ourselves,” he said, signalling a more measured approach.

Navarro added that Washington is monitoring China’s energy ties with Russia but said, “Let’s wait and see,” suggesting that no immediate action is planned.

The remarks come as the U.S. tightens trade penalties on countries continuing to buy Russian energy, but also underscores concerns about economic self-harm from escalating the tariff war further.

Trump earlier, where I cautioned he’d have to pull his head in because China has the upper hand over him: