None
EN
US Treasury Chief slams India-EU trade deal
[]
News Today | First with the news
In an interview with CNBC, Bessent expressed frustration that Brussels moved forward with the agreement without aligning with Washington’s tougher trade posture toward India.
“They should do what’s best for themselves, but I will tell you, I find the Europeans very disappointing,” Bessent said.
He said that by advancing the trade pact, European nations appeared to put commercial interests ahead of solidarity with the Ukrainian people, at a time when the conflict with Russia continues.
European leaders, meanwhile, have defended the India deal as opening vast commercial opportunities and strengthening strategic ties with a major global economy.
The India-EU FTA still requires ratification by EU member states, the European Parliament, and India’s cabinet before it can fully enter into force, and its implementation timeline extends into the coming years.