India-EU Free Trade Deal Redraws Balance of Economic Power
Debilitating Blow to Trump’s Weaponised Tariffs to Coerce Partners
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2026-01-31 12:19 UTC
The sharp note of disappointment sounded by Scott Bessent over the India–European Union free trade agreement says less about a single deal and more about a changing geometry of power in the global economy. At one level, Washington’s frustration reflects a familiar concern that sanctions and trade penalties are losing their bite in a world where alternatives are multiplying. At another, deeper level, the India–EU pact cuts across the logic of weaponised tariffs that has come to define the second presidency of Donald Trump. If countries can secure access to vast non-American markets on favourable terms, the threat of exclusion from the United States ceases to be the decisive lever it once was.