‘Europe financing war against themselves’: India-EU ‘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.
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.
