'Why should the US bear the burden?': Treasury chief Bessent says Europe refused tariffs on India, China over…
FROM THE WIRE · LIVEMINT.COM
US Treasury Secretary Scott Bessent has said European countries refused Washington's request to impose secondary tariffs on India and China for purchasing Russian oil, questioning why the United States should bear the economic burden of pressuring Moscow alone.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralTrade and Russia sanctions tensions can shape expectations for energy and currencies.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Treasury Secretary Scott Bessent says European countries rejected Washington's request for secondary tariffs.
- 02The tariffs targeted India and China for buying Russian oil.
- 03Bessent asks why the US should bear the pressure on Moscow alone.