China-Russia trade hits 2025 high as Trump hints at 25% tariff over oil imports

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Bilateral trade between China and Russia reached its highest level of the year in July, with the latest customs data coming as US President Donald Trump has hinted that China could be next to join India in facing a 25 per cent punitive tariff over continued purchases of Russian oil.
Total trade between China and Russia stood at US$19.14 billion in July, up 8.7 per cent from June, according to figures from China’s General Administration of Customs released on Thursday. But that marked a 2.8 per…

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