‘Europe financing war against themselves’: India-EU FTA, ‘mother of all trade deals’, draws US ire
US treasury secretary Scott Bessent targeted the India-EU trade deal, alleging Europe indirectly funds Russia’s war by buying refined oil from India, which originates from Russian crude. He pointed out what he called burden-sharing imbalance, contrasting with US tariffs on India for similar trade. The deal aims for broad tariff reductions on goods and services.🕒 1 min read
US treasury secretary Scott Bessent targeted the India-EU trade deal, alleging Europe indirectly funds Russia’s war by buying refined oil from India, which originates from Russian crude. He pointed out what he called burden-sharing imbalance, contrasting with US tariffs on India for similar trade. The deal aims for broad tariff reductions on goods and services.
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