Updated On: 27 January, 2026 11:01 PM IST
India and the European Union are on the verge of sealing a landmark Free Trade Agreement, marking a historic shift in global trade dynamics. However, the deal has triggered sharp criticism from the United States, with Trump aide Bessent accusing the EU of double standards. In a recent interview with ABC News, Bessent claimed that the US has made larger sacrifices than Europe in the Russia-Ukraine conflict, pointing to 25% tariffs on India for Russian oil purchases while Europe negotiates a major trade deal with India. WATCH
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