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US Treasury Secretary Bessent calls EU-India trade deal ‘very disappointing’; remarks expose US hegemonic mindset: Chinese expert

2026-01-29 15:57   环球时报网英文版

  Greer, in an interview with Fox Business on Tuesday (US time), said "I think India comes out on top on this. Frankly, they have more market access into Europe. It sounds like they have some additional immigration rights."

  The US trade representative said that "India is going to have a heyday with this. They have low-cost labor. And it looks like the EU is doubling down on globalization when we"re trying to fix some of the problems with globalization here in the US."

  Chinese analysts said the act by these trading partners, some US allies included, to diversify and seek to reduce reliance on trade and investment with the US by cuddling together is a natural reaction for self-protection.

  Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Thursday the comments by US trade officials have highlighted the US" adhering to its "America First" ideology, regardless of the harm such unilateral action bring to other countries and economies.

  The US has assumed that the world must operate according to its logic, and other trading partners must sacrifice their own interests, Zhou said. "Such thinking is fundamentally at odds with the basic norms of economic globalization, and will continue to erode the US" credibility in the global trade system."

  More and more US trading partners are finding that doing business with the US is not just a matter of losing money, but sometimes it can be fatal to their national economy. It is inevitable that a growing number of America"s economic partners will want to find possible ways to hedge against these risks with trade diversification, Zhou said.

  Zhang Jian, a vice president of the China Institutes of Contemporary International Relations, told the Global Times on Thursday that the comments by US officials are a frank display of the US" hegemonic logic in trade.

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