US Treasury chief Bessent cautions Canada, says he’s disappointed by EU-India deal
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US Treasury Secretary Scott Bessent cautioned Canada against initiating political disputes before upcoming trade talks regarding the US-Mexico-Canada agreement. In a CNBC interview, Bessent expressed disappointment with the European Union's trade deal with India, finalized on Tuesday, which aims to boost trade and decrease reliance on the US. Bessent criticized the EU for prioritizing trade over concerns about sanctioned Russian oil being refined in India and exported to Europe. He also defended US President Trump's decision to increase tariffs on South Korean goods. The EU anticipates its deal with India will double exports by 2032, saving European companies billions in duties. Bessent stated he found the Europeans "very disappointing" regarding these trade agreements.
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