The U.S. government is calling on its G7 and EU allies to impose tariffs on China and India for buying Russian oil amidst a historic increase in U.S. tariff revenues under President Donald Trump's trade policies. Finance ministers from the G7 nations recently gathered for a call to discuss strategies for putting more pressure on Moscow to end the conflict in Ukraine. During the meeting chaired by Canadian Finance Minister Francois-Philippe Champagne, it was agreed to expedite discussions on using frozen Russian assets to aid Ukraine's defense efforts. U.S. Treasury Secretary Scott Bessent urged other countries to enact tariffs on those supporting Russia's war through energy transactions. Bessent, along with U.S. Trade Representative Jamieson Greer, emphasized the necessity of coordinated actions in a joint statement. For more details, visit Benzinga.com.