00:00U.S. President Donald Trump says heavier tariffs could be coming for China.
00:05That's as Washington tries to get China and others to stop buying Russian oil.
00:09Already, Trump's raised tariffs on India to 50% over its imports of Russian oil,
00:14a move India has condemned as, quote, unfair, unjustified, and unreasonable.
00:20But Trump says further tariffs on China are, for now, just a possibility.
00:23On the India penalties, do you have any similar plans to enact more tariffs on China as it relates to their purchase?
00:31Could happen. Depends on how we do. Could happen.
00:35This talk of fresh tariffs comes as Trump tries to get Russia to end its war with Ukraine.
00:40And on Wednesday, after Russian talks with a U.S. envoy,
00:44he said there's a good chance the leaders of the two sides,
00:46Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky, could sit down together.
00:51Well, there's a very good prospect that they will.
00:56And we haven't determined where, but we had some very good talks with President Putin today.
01:01And there's a very good chance that we could be ending the round, ending the end of that road.
01:08That road was long and continues to be long.
01:12But there's a good chance that there will be a meeting very soon.
01:15But as Trump tries to end the war in Ukraine, there are signs his choices come with a diplomatic price.
01:22One analyst says India-U.S. relations have been bad before, but not this bad in a long time,
01:27as India braces for 64 billion U.S. dollars in lost exports.
01:31I think that this is the lowest point that U.S.-India relations have experienced over the last two decades of strategic partnership.
01:42It's not the worst moment in the history of U.S.-India relations,
01:45and that's because there were some really dark days for this relationship during the Cold War,
01:50particularly during the last few decades of the Cold War.
01:53And also when India formally became a nuclear weapons state in the late 1990s,
01:58that prompted U.S. sanctions that really plunged the relationship to a low.
02:05And while India-China relations are marred by tensions and territorial disputes,
02:10there are hints of a thaw as both countries face hefty U.S. tariffs.
02:14Indian Prime Minister Narendra Modi hasn't been to China in seven years,
02:18but he's now heading there for the Shanghai Cooperation Organization Summit that starts August 31st.
02:24So, if Trump goes ahead with tariffs on both, it might help the situation in Ukraine,
02:29but drive two big rivals in Asia closer together.
02:32Leon Lien and John Van Trieste for Taiwan Plus.
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