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US Treasury ‘very disappointed’ by India-EU trade agreement
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The Shillong Times
US Treasury Secretary Scott Bessent described the Europeans as “very disappointing,” saying they refused to join Washington in imposing tariffs on India for buying Russian oil because of their pursuit of the trade deal with New Delhi.
He said the US imposed a 25% tariff on India for buying sanctioned Russian oil, but European countries declined to take similar action.
According to Bessent, Europe’s willingness to proceed with a major trade deal with India undermines its public stance on supporting Ukraine.
On Tuesday, US Trade Representative Jamieson Greer said India emerged as the clear winner in the deal.
The FTA will cut tariffs on 99% of Indian exports to the EU and over 97% of EU exports to India.