https://www.taxtmi.com/news?id=68602 Scott Bessent criticised Europe's trade deal with India as undercutting US tariffs on India for buying Russian oil, noting the US imposed a 25 percent tariff linked to India's Russian oil purchases (within a broader 50 percent tariff posture) while India imports Russian crude, refines it, and European buyers purchase the resulting refined products, creating trade diversion that weakens the effect of US tariff measures. en-us Mon, 26 Jan 2026 19:16:05 +0530 Mon, 26 Jan 2026 19:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=68602 Scott Bessent criticised Europe's trade deal with India as undercutting US tariffs on India for buying Russian oil, noting the US imposed a 25 percent tariff linked to India's Russian oil purchases (within a broader 50 percent tariff posture) while India imports Russian crude, refines it, and European buyers purchase the resulting refined products, creating trade diversion that weakens the effect of US tariff measures. News - Mon, 26 Jan 2026 19:16:05 +0530 https://www.taxtmi.com/news?id=68602