EU-India Trade Agreement Sparks Criticism from US Treasury Secretary

The European Union has concluded a significant trade agreement with India, aimed at reducing tariffs and enhancing market access. According to NS3.AI, this development has drawn criticism from US Treasury Secretary Scott Bessent, who argues that the deal undermines US foreign policy. Bessent claims that Europe is taking advantage of US financial support for Ukraine while simultaneously engaging in separate trade negotiations with India, which include Russian oil purchases. Indian officials have responded by asserting that the EU agreement does not compromise India's robust trade relationship with the United States. The US continues to work on its own trade agreements with India, indicating ongoing efforts to strengthen bilateral economic ties.