US Slams EU-India Trade Deal Amid Russia War, Citing US Sacrifices

• Trump aide Scott Bessent criticized the EU for finalizing a trade pact with India, while US-India trade negotiations are ongoing.
• Bessent argued the US has made greater sacrifices in the Russia-Ukraine war, including 25% tariffs on India for buying Russian oil.
• He accused European countries of indirectly funding the war by buying refined products from Russian oil processed in India.
• The remarks contradict Bessent's earlier suggestion of potential tariff rollbacks on India.
• India and the EU are set to announce a comprehensive Free Trade Agreement (FTA) at the 16th India-EU Summit, expected to boost Indian exports.

Why It Matters: US expresses discomfort over EU-India trade deal, citing US sacrifices in Russia-Ukraine war and India's Russian oil purchases.