US-India Trade Relations Tense Amid SCO Summit, Treasury Secretary Optimistic

US Treasury Secretary Scott Bessent remains hopeful that the trade tensions between India and the United States will be amicably resolved, asserting that New Delhi’s core values align more closely with Washington’s than with those of China and Russia. Speaking to Fox Business, Bessent minimized the impact of the Shanghai Cooperation Organisation (SCO) Summit, labeling it as ‘largely performative’. ‘This is a longstanding meeting, it’s called the Shanghai Cooperation Organisation, and I think it’s largely performative,’ Bessent mentioned. ‘At the end of the day, India emerges as the most populous democracy globally, with values much akin to ours and somewhat…