EU refused to impose tariffs on India due to ‘big trade deal’, Trump aide says

US Treasury Secretary Scott Bessent said 25 percent US tariffs led to a sharp drop in India's Russian oil imports, calling it a policy success. Bessent criticized European allies for not imposing similar measures on India as they pursue a major trade deal with New Delhi. The India–EU Free Trade Agreement is expected to be finalized soon, potentially boosting India's economic ties with the EU.